Kimball and Banner Counties recieve NIRMA dividend check
October 19, 2017
Kimball County received another membership dividend, this time in the amount of $9,656, and Banner County received a membership dividend in the amount of $6,004, from the Nebraska Intergovernmental Risk Management Association (NIRMA), the county’s property, liability and workers’ compensation coverage and risk management services provider. The dividend was part of a $1.25 million distribution shared with 79 Nebraska counties and six regional area agencies on aging during NIRMA’s annual membership conference Oct. 5-6 in Kearney.
With this latest distribution, Kimball County has now received a total of $208,779 in dividends since becoming a member of NIRMA in 1988. 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 81 member counties and 11 county-associated public entities it serves. This marks the 29th time since 1991 and the 22nd consecutive year the program has been able to return funds, now totaling nearly $20 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 the past 29 years it has provided affordable insurance coverages and comprehensive risk management and loss prevention services to Nebraska counties and related public agencies.