Township receives a public scolding for "Wrongful Acts" lawsuits

At the July 21st Board meeting Bob Gandolfi of Municipal Underwriters Insurance Company scolded the Kinross Township Board for Wrongful Acts lawsuits. "Your track record is not good for the past two years" said Bob. One of the reasons for the bad track record is possibly that "Things are not being handled properly." Wrongful Acts lawsuits are very rare and for you to have two in a 24 month period is quite unusual and this has got everybody's attention."  

The question now is will this get the attention of the voters? The irresponsible actions of Clerk Besteman, and Treasurer Ulrich need to be addressed by the people in the coming elections. Wrongful Acts lawsuits are defined as Error, misstatement, or breach of duty by an officer or director of a company that results in a lawsuit against the company. Directors and Officers Liability Insurance covers claims arising from wrongful acts by directors or officers of a company while in that capacity. Municipal Underwriters plan to have risk management training for the new Board once the elections are over. Additionally, the township will be required to cover a $5,000 deductible for any claims under its “public officials-wrongful acts” coverage.

Bob Gandolfi's presentation is available here in Windows media format. Also, a PDF copy of the list of the Townships claims at Midwest.