New Canaan Receives $114K In CIRMA Members' Equity Distribution

NEW CANAAN, CT — The Connecticut Interlocal Risk Management Agency has awarded $114,050 to the town of New Canaan as part of its 2025 Members' Equity Distribution.

According to a news release provided by the town, this year CIRMA is returning a total of $5 million to its members, bringing the total returned to nearly $49 million over the past fifteen years.

"We are grateful for this distribution from CIRMA, which is the result of our efforts to maintain a safe, resilient, and forward-looking community," First Selectman Dionna Carlson said in a news release. "As a longtime member, New Canaan values CIRMA’s commitment to public service and collaboration, and we view this partnership as a vital part of our long-term planning and risk management strategy."

Unlike traditional insurers, CIRMA is a member-owned and governed organization, meaning that when the organization performs well, its members and their communities directly benefit, town officials noted.

"This program is more than a financial return," CIRMA CEO David Demchak said in a news release, "it's a statement of purpose. Each dollar returned reflects our shared success, mutual trust, and a model built on mission and public service."

CIRMA's Members' Equity Distribution Program helps members address emerging risks and make local investments that can range from enhancing cybersecurity and modernizing infrastructure to supporting public safety and education, according to the town.

"CIRMA is a reliable partner that understands the needs of towns like ours," Carlson said. "This distribution is another example of the undeniable value we gain from being part of the CIRMA community."

According to the town, CIRMA was established in 1980 as a service program of the Connecticut Conference of Municipalities, the state's association of towns and cities.

CIRMA is Connecticut's number-one municipal risk financing and risk management services provider. A member-owned and governed organization, CIRMA provides Workers' Compensation and Liability-Auto-Property insurance, proactive risk management solutions, and holistic claims services tailored exclusively to the state's public entities, according to the town.