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.