Over the past six years, the DFIT members have experienced cost savings, pro-active risk control and other services, resulting in the 40% reduction of the group claims, and directly impacting the additional benefit of members return premiums. DFIT Trustees established accounts for these funds to be applied toward a self-insured plan at a later date. The combination of the growth premiums in excess of $2 million, an the excess reserves that have compiled over the past six years placed the members in the financial position to achieve their ultimate goal of a self-insured group program.

The DFIT Program will continue to provide its members with better, long-term control of their insurance costs. DFIT Members are no longer subject to the DCRB rates, or general market increases imposed by insurance companies.

Historically, the DFIT group claims have performed extremely well, far better than the claims performance of the general industry. Through the program, embers will directly reap the financial rewards of their clams performance and proactive safety and risk control, fostering a culture of safety for employees.

“The DFIT Program is a great opportunity which allows local and county governments to partner together for better control of their ‘insurance destiny,’” said George Wright, executive director of the Delaware League of Local Governments. “With heavy emphasis on excellent risk control and safety programs, the members will continue to receive financial rewards for their good claims performance, and at the same time, foster an image of everyday safety to their employees.”

“I am hopeful that our membership will continue to grow rapidly over the next few months, and I fully anticipate this will become the statewide, premier placement of insurance for all municipalities in Delaware. The larger the revenue stream of this program, the financial benefits will only continue to increase and ensue the program sustains for many years to come.”