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GMA Property & Liability Program Announces $4.5 Million Renewal Credit for 2016

February 11, 2016
The board of trustees of GMA’s property and liability insurance program has declared a $4.5 million renewal credit for the May 1, 2016, renewal. The net effect of the renewal credit will be to reduce members' premium for the upcoming program year. 

Over the years, the Georgia Interlocal Risk Management Agency (GIRMA) has returned $53 million in renewal credits to its members. The GIRMA Board of Trustees, who are also city officials, recognize the economic and political pressure cities are under to keep costs down and it is their hope that the renewal credit will help members with budget issues at renewal.

The renewal credits will be distributed to members who renew their coverage with GIRMA, effective May 1, 2016, and is apportioned among the program’s members based on length of time participating in the program and on claims experience. This renewal credit distinguishes the GMA property and liability program from traditional insurance providers. 
 
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WHY GMA?
  • We’ve spent more than 25 years helping members like you with property and liability insurance.
  • Our membership-controlled fund has nearly 330 members.
  • Fund members have received $53 million in dividends (or renewal credits), significantly reducing the cost of coverage for the membership.