Fairfield Receives Check from Insurance Carrier’s Members’ Equity Distribution Program

Fairfield Receives Check from Insurance Carrier’s Members’ Equity Distribution Program

First Selectman Mike Tetreau is pleased to announce that the Town of Fairfield received a check from the Connecticut Interlocal Risk Management Agency (CIRMA), one of the Town’s insurance carriers, for Fairfield’s share of this year’s CIRMA Members' Equity Distribution Program in the amount of $51,304, bringing the seven-year Members’ Equity Distribution total to $210,659. The 2017 distribution is the sixth and largest distribution made in the seven years of the program. CIRMA began its Members’ Equity Distribution Program in 2011, and has distributed a total of $19.7 Million to its member municipalities, public schools, and local public agencies. The program is an unrestricted distribution, which means that members can use the funds as they choose—to fund a risk management initiative, make property improvements, or support public programs and services.

“This year’s Members’ Equity Distribution was the result of excellent operational performance, financial strength, and of the success of our members’ risk management efforts,” said David Demchak, President and CEO, CIRMA. “CIRMA’s mission is to help our members build stronger, safer communities to live, learn, and work in, and the Members’ Equity Distribution program plays a vital role in this effort,” he further noted.

First Selectman Tetreau said, “The Town is delighted that CIRMA’s Members’ Equity Distribution Program will help members like us achieve our mission of providing vital public services at a most economical cost.”

For more information about CIRMA’s Members’ Equity Distribution Program, please visit www.CIRMA.org/distribution.

The photo, taken at the check presentation ceremony, shows from left to right, Human Resources Director Emmet Hibson, Mallory Monaco, CIRMA’s Underwriter Trainee, First Selectman Mike Tetreau and Jacqueline Lazowski, CIRMA’s Underwriting Manager.

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