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Welcome to Insurance
Services (FMIT)
The Florida League of Cities established its' first insurance program in
1977 to provide workers' compensation coverage to governmental entities.
Liability, Property and Health programs followed shortly thereafter.
At inception, all insurance programs operated independently
of each other and services were contracted to a third party administrator.
In 1987, the League opened their Public Risk Services office to administer
the programs in house. Subsequently, for matters of efficiency and cohesion,
the insurance programs were consolidated under the name of the Florida
Municipal Insurance Trust.
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| The Trust, governed
by elected officials, is a non-assessable, non-profit, tax-exempt risk sharing
pool. Its superior financial security, presently highlighted by $260 million
in assets and over $124 million in surplus, has produced exceptional claims
paying ability and equity returns for its membership. |
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