AMEA was recently awarded a Gold Risk Management Award by the insurance division of the Alabama League of Municipalities.
Approximately 780 public entities participate in one or both of the League’s sponsored insurance programs, which are the Municipal Workers Compensation Fund and the Alabama Municipal Insurance Corporation. The Board of Directors of both insurance programs approved the establishment of a Risk Management Award system in 2002. The award system recognizes those members who have instituted risk management and loss control activities in an effort to reduce their loss ratio. Risk management and loss control activities not only benefit the member’s loss ratio but also the overall success of the League-sponsored insurance programs. Through the efforts of AMEA, employee, property and liability losses are being minimized; and, most importantly, employees and citizens are reaping the rewards of a safer workplace and community.
Recipients of the President’s Risk Management Award, which included the top five percent of those members with minimal losses for a five-year period, received a specially-designed memento. Three additional levels of achievement — Gold, Silver and Bronze — were also recognized. The Gold, Silver and Bronze levels were for loss ratios of below five percent; five to 20 percent; and 20 to 40 percent, respectively.
AMEA, a joint action agency formed in 1981, is the wholesale power provider for 11 public power utilities in Alabama, which serve approximately 350,000 customers in the cities of Alexander City, Dothan, Fairhope, Foley, LaFayette, Lanett, Luverne, Opelika, Piedmont, Sylacauga and Tuskegee.