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CIRMA Returns Thousands to the Town of Old Saybrook and Board of Education

The Connecticut Interlocal Risk Management Agency (CIRMA) presented a check for $43,987, a share of CIRMA’s latest $5 million Members’ Equity Distribution, to Old Saybrook First Selectman Carl Fortuna, Jr. Over the past 11 years, CIRMA put nearly $37 million in equity back in the hands of its members.

“CIRMA’s Members’ Equity Distribution program continues to affirm the organization’s deliberate and disciplined approach to creating member value and substantiates its long-term financial strength. Over the past year, CIRMA further distinguished its many competitive advantages, dispelling a common assumption that one insurer is as good as another,” said CIRMA Board of Directors Chair Matthew Knickerbocker.

With 362 members across the state, CIRMA is the leading provider of workers’ compensation, liability, auto, and property insurance coverages to Connecticut public entities.

“CIRMA has been a great partner to the town and this is just another example of why we continue to be part of this member-owned company,” said Fortuna.