New Year brings
new Retailers Mutual

The start of the new year marked the start of Retailers Mutual Insurance Company. The new company was established by conversion of Retailers Fund, Michigan Retailers Association’s highly successful group self-insurance workers’ compensation program.

“This is an exciting moment and the realization of a dream for our organization,” said Larry Meyer, MRA chairman and CEO, who also serves as CEO of the new company. “It is the next logical step for our workers’ compensation program, which was established in 1981 to save businesses money on workers’ compensation costs.”

Businesses that were formerly ineligible to participate in Retailers Fund may now be eligible for workers’ comp insurance through Retailers Mutual. To obtain a free, no-obligation quote, call Retailers Mutual at 800.366.3699 or mail back the postage-paid card inside.

The nearly 1,000 Retailers Fund participants at the end of 2005 automatically became Retailers Mutual policyholders on January 1. New policies and billing statements were mailed to participants on December 30.

The conversion was approved by the state Office of Financial and Insurance Services (OFIS) and the state Workers’ Compensation Agency, as well as by trustees and participants.

April dividend
tops $200,000

Participants in the former Retailers Fund will receive a dividend check in April for their prorated share of $223,000 in interest earnings.

The dividend amount represents earnings on investments during the period December 1, 2004, through November 30, 2005. Checks will be mailed on April 14 to participants on record as of November 30, 2005.

The dividend was authorized by the Retailers Fund Board of Trustees (before it become the Retailers Mutual Board of Directors) and approved by state regulators in the Workers’ Compensation Agency.