NJ Municipal Excess Liability Joint Insurance Fund: The MEL is a governmental entity that provides excess insurance and services to 19 local Joint Insurance Funds (JIFs) representing over 65% of all local governments in New Jersey. With an annual budget of $200 million and a statutory surplus of $200 million, New Jersey’s MEL system is the largest governmental property & casualty risk pool in the country. To date, the MEL and its member JIFs have saved taxpayers over $3 billion.
Municipal Reinsurance Health Insurance Fund: MR-HIF is a governmental entity that provides excess insurance and services to 6 local HIFs that provide health insurance to 119 local units and 100 Boards of Education. MR-HIF and its local HIFs are also the largest health insurance pools of their type in the country. To date, MR-HIF and the local HIFs have saved taxpayers almost $800 million.
Sustainable Energy Joint Meeting: SEM is the first statewide electric and natural gas cooperative for governmental entities. Formed in 2009, the SEM is a governmental entity that currently has 202 members including 162 municipalities. To date, the SEM has saved taxpayers $34 million.