Knox County Receives NIRMA Dividend Check

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Posted: Friday, October 19, 2018 8:00 am

Knox County has received another membership dividend, this time in the amount of $9,787, from the Nebraska Intergovernmental Risk Management Association, the county’s property, liability and workers’ compensation coverage and risk management services provider. The dividend was part of a $1 million distribution shared with 80 Nebraska counties and six regional area agencies on aging during NIRMA’s annual membership conference held Oct. 4-5 in Kearney.

With this latest distribution, Knox County has now received a total of $166,728 in dividends since becoming a member of NIRMA in 1994. NIRMA is able to issue these dividends, in part, due to favorable claims development, investment income earned on behalf of its membership, as well as the members’ ongoing loss prevention efforts.

NIRMA is owned and governed by the 82 member counties and 15 county-associated public entities it serves. This marks the 31st time since 1991 and the 23rd consecutive year the program has been able to return funds, now totaling $21 million, to its members and ultimately their local property taxpayers.

NIRMA was created by 32 counties in 1988 as the state’s first governmental risk management and self-insurance program, and for 30 years has provided affordable insurance coverages and comprehensive risk management and loss prevention services to Nebraska counties and related public agencies.

© 2018 The Creighton News . All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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