For Risk Pool Members, Another Equity Check Is in the Mail

Thursday, July 21, 2016 | 0

The Connecticut Interlocal Risk Management Agency will distribute $3.2 million in equity checks to 236 member municipalities, public schools and local agencies on Monday, the fifth such distribution in the past six years.

David Demchak

Since 2010, the state’s market leader in municipal insurance and risk management says it has given back nearly $14.7 million to its members.

“As members, we appreciate this distribution and the hard work and dedicated effort that make it possible,” said Barbara Henry, first selectman of Roxbury and CIRMA chair.

The latest equity distribution is the result of members’ “risk management success, and CIRMA’s strong financial management and outstanding operational results for the year,” said CIRMA President and CEO David Demchak.

CIRMA’s membership includes more than 85% of Connecticut’s municipalities and has premiums in excess of $96 million, members’ equity topping $100 million and unaudited assets under management of more than $360 million, the New Haven-based agency says.