ACCG - IRMA DECLARES $1.25M DIVIDEND

 

On Friday, June 12, the ACCG - Interlocal Risk Management Agency (IRMA) Board of Trustees voted to return a dividend in the amount of $1,250,000 to the ACCG-IRMA membership. ACCG-IRMA is a non-profit, member-owned property and liability insurance pool designed to meet the insurance needs of Georgia County Governments.  This marks the seventh consecutive year that ACCG-IRMA has returned a dividend, which is intended to benefit the long-term participants of the insurance program.  It will be returned in the form of a premium credit to members that have participated in the program since the October 1, 2000 policy period.  Total dividends returned to the membership since 1997 total $10.1 million dollars.

 

ACCG - IRMA was established in 1987 and currently has 146 members, comprised of Georgia counties and authorities.  ACCG - IRMA’s assets are currently $72.9 million.  According to Charlie Newton, McDuffie County Chairman and Chairman of the ACCG - IRMA Board of Trustees, the $1.25 million dividend equals the largest in the program’s 22-year history.

 

David A. Paulk, Director of Risk Management & Insurance at ACCG - IRMA reports that ACCG - IRMA is well capitalized, despite current economic conditions.  According to Paulk, “The Fund has operated very conservatively over the past 20 years, which has served the membership well, especially during the volatile financial markets of the past year.  This allows ACCG - IRMA to return a dividend at a time when our county government membership needs it the most.”

 

For information on ACCG - IRMA, please contact Ben Pittarelli at (404) 522-5022 or bpittarelli@accg.org.