CCR2015124-LGPIF
COMMON COUNCIL - CITY OF MUSKEGO
RESOLUTION #124-2015
RESOLUTION AUTHORIZING THE CITY’S WITHDRAWAL
FROM THE LGPIF
WHEREAS, the City has been insured through the state Local Government Property Insurance
Fund (LGPIF); and
WHEREAS, the 2015-2017 state budget proposed to discontinued the LGPIF property
insurance fund which was approved by the Joint Finance Committee, but ultimately the
discontinuance was removed from the budget by the Legislature, thereby continuing the
program; and
WHEREAS, review and evaluation of LGPIF’s financial position resulted in a recommended
rate increase of 85%; and
WHEREAS, the League of Wisconsin Municipalities Mutual Insurance Company partnered with
two other existing municipal insurance companies, Cities and Villages Mutual Insurance
Company and Wisconsin Municipal Mutual Insurance Company, all of which have significant
experience in insuring municipalities; and
WHEREAS, the League of Wisconsin Municipalities Mutual Insurance Company has formed a
partnership with said companies to operate under the name of Municipal Property Insurance
Company (MPIC); and
WHEREAS, the partnership has offered broad coverage specifically designated to address
property insurance needs of Wisconsin municipalities; and
WHEREAS, MPIC consists of three municipal insurance companies that are familiar with the
needs of municipalities and has offered a cost-effective premium proposal; and
WHEREAS, City staff requested quotes for insurance coverage for 2016, receiving the
following:
Local Government Property Insurance Fund (LGPIF) $66,825.00
Municipal Property Insurance Company (MPIC) $43,847.00; and
WHEREAS, it is in the best interest of the City of Muskego to withdraw from LGPIF and
contract with MPIC for property insurance coverage for 2016.
NOW, THEREFORE, BE IT RESOLVED that the City withdraw from LGPIF effective
December 31, 2015.
BE IT FURTHER RESOLVED that the City enter into a contract with MPIC for property
insurance coverage effective January 1, 2016, and appropriate City officials are authorized to
enter into said contract.
DATED: December 8, 2015 CITY OF MUSKEGO
____________________________
Mayor Kathy Chiaverotti
ATTEST:
________________________
Clerk-Treasurer
Reso. #124-2015