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GMA Property & Liability Program Announces $5 Million Dividend for 2015

April 13, 2015
The Board of Trustees of GMA’s property and liability insurance program has declared a $5 million dividend for the May 1, 2015, renewal. The net effect of the dividend will be to reduce members' premium for the upcoming program year. 

Over the years, GIRMA has returned $48.5 million in dividends in the form of 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 dividend will help members with budget issues at renewal.

The dividend will be distributed as renewal credits to members who renew their coverage with GIRMA, effective May 1, 2015, 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. 
CONTACT US ABOUT THE GMA Property & Liability Program Announces $5 Million Dividend for 2015
  • 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.