Florida Municipal adds 20 cities

Dec 3, 2008

Orlando Business Journal–December 2, 2008

Florida Municipal Insurance Trust, a nonprofit organization that provides workers compensation, liability, auto, property and health insurance to governmental entities within Florida, added 20 cities to its roster of clients this year.

The trust also reported that it had a 96 percent renewal rate, based on premiums, from its existing customers.

Sponsored by the Florida League of Cities, the trust uses a revenue-sharing plan that it says saves participants millions of dollars annually. Fifty-nine percent of Florida’s 412 towns, cities and villages hold coverage through the trust.