What does giving MTMIC members $2,500,000 look like?

At the February 19, 2015 MTMIC Board meeting, after assessing the financial strength of the company, the Board approved a dividend of $2,500,000 payable to members in March. The dividend was made up of two parts: Part 1 – $1,000,000 goes to all members with policies prior to 12/31/12 who are active members as of February 19, 2015. Part 2 – $1,500,000 goes to the members with the same dates as Part 1, but who also have great loss histories for the years 2010 – 2012. With these Board parameters, the staff of MTMIC went to work on the project. On March 10th staff produced 548 member checks. When looking at the check amounts, staff decided delivering these checks would be a great way to say congratulations to members and also thank them for their loyalty. So the account assignments were made and 5 MTMIC staff members job for the next two weeks became check deliverers similar to “Publisher Clearing House” check delivery types. From the pictures you could see we were well received.

Many fun comments came out of the visits. A couple members asked if the check was real. While I was making surprise check deliveries, I also checked in with staff to see how their visits were going. Our Loss Control Representative, Chris Demeter, wrote me “It’s all good. I think after they hear the amount and see the check, my hair could be on fire and they wouldn’t notice.” On one of my deliveries, the female owner said, “I know who you are.” I replied, “Really, we have never met.” She went on to say, I am “cuter” in person than the picture in the Newsletter. She won the award for kindness. It is the Board’s desire that this dividend is not a one-time event. Staff will remain focused on claims adjudication and Loss Control input. You are the most important part of managing MTMIC Claims. For an early heads up, the first review of the 2016 dividend will occur at the MTMIC Annual Members luncheon which is Thursday, October 15th, at the Inn at St. John’s in Plymouth. We hope you will attend and get the first preview for what is in store for March of 2016.

Finally, thanks for a terrific 2014 year. Staff will stay focused to do a repeat in 2015.