Pittsfield Earns $20,423 Insurance Credit
PITTSFIELD – A $20,423.00 insurance premium credit has been awarded to Pittsfield by MIIA (Massachusetts Interlocal Insurance Association) for their pro-active loss prevention and risk management activities.The MIIA Rewards Program helps members reduce insurance premiums. “This innovative program provides a financial incentive for cities and towns to actively manage their risks,” says Stanley Corcoran, Executive Vice President of MIIA. “By educating decision makers, and eliminating hazards, towns not only earn credits in the short term, but also help to control insurance costs over the long term. Reducing the costs of claims means lower insurance costs.” In Pittsfield, the cumulative efforts of the past 4 years have lowered the city’s insurance costs by $47,159.00.
Credits are earned through participation in various MIIA training activities, implementing important loss prevention measures, and instituting key management policies, practices, and procedures that strive to reduce injuries, accidents, property damage, and lawsuits.
Participation in the program is voluntary; however Pittsfield officials and employees took the extra steps to meet program requirements leading to lowering the City’s insurance costs.
MIIA continues to enhance its MIIA Rewards program to help members earn greater premium credits against future insurance costs. This year alone, over $1.9 million was distributed to 350 members. During the past six years, over $8 million in insurance credits have been earned by MIIA members.
The MIIA is the non- profit insurance arm of the MMA (Massachusetts Municipal Association). As a member-based organization, MIIA’s only focus is to provide excellent service and quality risk management solutions to MA municipalities and related public entities. Municipal insurance is MIIA's only business. MIIA insures over 350 cities, towns, and other public entities in Massachusetts. For more information, visit www.emiia.org.
