Box Butte County has received another membership dividend, this time in the amount of $8,519, 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 million distribution shared with 81 Nebraska counties and eight county-associated agencies.
With this latest distribution, Box Butte County has now received a total of $113,038 in dividends since becoming a member of NIRMA in 2003. 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 member-owned and governed by the 83 counties and 22 county-associated public entities it serves. This marks the 33 rd time since 1991 and the 25 th consecutive year the program has been able to return funds, now totaling $23 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 32 years has provided affordable insurance coverages and comprehensive risk management and loss prevention services to Nebraska counties and related public agencies.