Some valuable insights for selecting a municipal insurer.

• Is it financially secure? With $213m in investable assets, CIRMA has the financial size and strength to pay claims today and in the future. Our high surplus and strong balance sheet protects members from volatility in the world’s financial and insurance markets. CIRMA achieved outstanding results on all IRIS tests, the measures used by regulators to monitor the financial health of insurers.
• Does it have adequate reserves? CIRMA does. Deloitte regularly conducts audits to make sure CIRMA’s reserves are on target, while PricewaterhouseCoopers audits our financial statements for accuracy.
• Does it have capacity to grow? With $44m in surplus, CIRMA has increased its surplus 51% since 2003, ensuring that we have capacity for future growth.
• Does it have a strong reinsurance program? CIRMA’s reinsurers are some of the world’s largest and most experienced, and they’re all A. M. Best Category “A” rated. Their financial strength and high limits protect members from catastrophic events.
• Does it use premium dollars efficiently? At 13% of a revenue dollar, CIRMA’s administrative expenses are well below the industry average of 22%.

• Does the insurer put you first? Commercial insurers answer to Wall Street; CIRMA answers only to its members. As a non-profit agency owned and governed by its members, our “profits” are directed to members’ equity and to your continued benefit.
• Does it have experience insuring public entities like mine? CIRMA has insured Connecticut municipalities and schools for 26 years. We have more experience underwriting unique municipal exposures than any other insurer in the state today.
• Does it resolve claims promptly and fairly? CIRMA’s in-depth claims-handling experience ensures the rapid resolution of claims. Our professional adjusters and disaster restoration specialists help restore your operations quickly after a property loss. Our managed care programs speed recovery and return to work of injured employees.
• Does it save you money? Only CIRMA empowers you to reduce losses and thereby reduce your rates by providing free risk management consulting, workshops, and in-depth analysis of your loss trends.
• Does it make budgeting easier? CIRMA delivers rate indications early, so you can get a jump start on budgeting. And we continue to hold the line on rate increases. Since 2004, aggregate rate increases have been well below the general and medical inflation rate.
• Will it be there for you tomorrow? It’s our mission to serve Connecticut local public entities. CIRMA will continue to develop innovative new risk financing products and services for years to come.

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Call Steve Bixler, VP for Underwriting, at 203-946-3785 for more information about CIRMA and its risk financing products and services.