2018-2019 Coverage Changes, Rates, and Dividend

Get information about coverage changes and premium rates for 2018-19.

2018 Dividend

Members of the Trust’s property/casualty program shared in a $2.7 million dividend in 2018, bringing the total amount of returned dividends since 1987 to $330 million. Members received their share in December.

Chart showing that LMCIT has returned a total of $327 million in dividends since 1987.

The dividend amount is largely determined based on members’ claim experience, and the amount of contingency margin—or cushion—the Trust needs to retain in its fund balances in case future claims exceed projections. The 2018 amount reflects changing claim patterns and the Trust’s commitment to providing members with rate stability.

The Trust remains committed to working with our members to minimize claims, keeping premium rates stable, and returning unneeded funds to members when possible. To help achieve this, the Trust offers a wide variety of voluntary risk management programs. These programs, along with members’ individual efforts, can help to avoid or lessen liability and injuries, meaning lower premiums and potential dividends for all Trust members.

Read more about specific coverages: