East Hartford, CT— The Town of East Hartford’s primary insurer, the Connecticut Interlocal Risk Management Agency (CIRMA) presented the town with a member's equity distribution check for $46,116 Wednesday, July 28. The check represents a return of premium paid by the Town from the prior underwriting year and it is based on overall favorable loss experience the Town of East Hartford saw last year, which is also a result of careful management that the Town proudly practices.
“I was pleased to receive this great news from CIRMA,” said Mayor Marcia Leclerc. “As a large municipality, we are exposed to significant risk which requires insurance for almost all of our assets, like protecting our employees or insuring our large fleet of vehicles. I am happy to hear that our careful management has resulted in such substantial amount being returned to us. I am also thankful for CIRMA’s prudent financial management and due diligence in ensuring we are properly protected.”
Mayor Leclerc also recognized Town Risk Manager Christine Sasen for her ability and underwriting work she undertakes on behalf of the Town of East Hartford.
CIRMA is a member-owned and governed organization, pooling risk from municipalities, public schools, and local public agencies. CIRMA typically returns a portion of premiums depending on how much it pays out to all its members in settlements for accidents, workers compensation, and other claims. CIRMA works solely for the benefit of its members and is the state’s market leader in municipal insurance, providing both Workers’ Compensation and Liability-Auto-Property coverage to its member municipalities, public schools, and local public agencies.