The Cordova Economic and Industrial Development Authority was recently awarded a Gold Risk Management Award by the insurance divisions of the Alabama League of Municipalities.
Approximately 790 public entities participate in one or both of the Alabama League of Municipalities (ALM) sponsored insurance programs, which are the Municipal Workers Compensation Fund (MWCF) and the Alabama Municipal Insurance Corporation (AMIC).
The Board of Directors of both insurance programs approved the establishment of a Risk Management Award system in 2002. The award system recognizes those members who have instituted risk management and loss control activities in an effort to reduce their loss ratio.
Risk management and loss control activities not only benefit the member’s loss ratio but also the overall success of the League sponsored insurance programs.
Through the efforts of the Cordova Economic Industrial Development Authority, employee, property and liability losses are being minimized; and most importantly, employees and citizens are reaping the rewards of a safer workplace and community.
Recipients of the President’s Risk Management Award, which included the top 5 percent of those members with minimal losses for a five-year period, received a specially designed memento. Three additional levels of achievement – Gold, Silver and Bronze – were also recognized.
Recipients in these categories receive a plaque for the first year they are acknowledged and then a plate to be attached to the plaque for subsequent years. The Gold, Silver and Bronze levels were for loss ratios of below 5%; 5% to 20%; and 20% to 40%, respectively.
Formerly the Cordova Industrial Development Authority, the board was rebranded as CEIDA during the city's disaster recovery efforts from the April 2011 tornadoes.
Current board members are Renee Sides (chairman), Corey Pounders (vice chairman), Aaron Moseley (secretary), Dustin VanHorn (treasurer), Gary Hosmer and Savanna Woods.
In recent months, CEIDA has hosted events such as a city-wide cleanup day and a downtown yard sale. Upcoming events include a SummerSlam in May, Take a Kid Fishing Day in June and a Fourth of July Bash.
The CEIDA events committee members are Sides, Pounders, Moseley, Lawrence Sides, Melody Dawkins and Allie Sickles.
For more information, visit www.cordovaceida.com.