Red Level wins risk management award

Published 12:00 am Tuesday, April 26, 2011

The Town of Red Level was recently notified it is this year’s recipient of the Gold Risk Management Award for the 2011 annual convention of the Alabama League of Municipalities in Huntsville.

The convention will be held Mon., May 2, in Huntsville.

Approximately 740 public entities participate in one or both of the ALM sponsored insurance programs, which are the Municipal Workers Compensation Fund (MWCF) and the Alabama Municipal Insurance Corp. (AMIC)

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 efforts to reduce their loss ratio.

Risk management and loss control activities not only benefit the members’ loss ratio but also the overall success of the League sponsored insurance programs.

Through the efforts of the Town of Red Level employee, property and liability losses are being minimized; and – most importantly – employees and citizens are reaping the rewards of a safer workplace and community.

The Gold, Silver and Bronze levels were for loss ratios of below 5 percent; 5 percent to 20 percent; and 20 percent to 40 percent, respectively.