JOHNSTOWN - Two executives with Fulton County government's insurance reciprocal came to the Board of Supervisors' meeting recently bearing gifts in the form of more than $20,000 in dividend checks for the county and its municipalities.
Kevin Crawford and Brian Custer from the New York Municipal Insurance Reciprocal, or NYMIR, presented the checks at the board's meeting Tuesday at the County Office Building. The money represented a return of capital from a municipal-only insurance program the county joined as a charter member in 1993.
"We're particularly pleased to be here today," said Crawford, NYMIR's executive director.
According to a NYMIR news release issued Tuesday, the check Fulton County received totaled $20,988 - the last of four installments totaling $83,955.
The release indicated Fulton County - together with nearly every city, town and village in the county - are among more than 660 local governments across the state to receive a check from 680-member NYMIR. The funds represent a return on capital investments for governments that have been with the program five years or linger.
Steve Acquario, executive director of the New York State Association of Counties, said in the release: "Our members are extremely pleased to be receiving a check from NYMIR. This is an example of how municipalities can voluntarily collaborate to insulate their taxpayers from the volatility that the economy, and particularly commercial insurance markets, often inflict on municipal budgets."
Custer, NYMIR's management company president, presented the checks to supervisors at the meeting, with most of the checks being less than $2,000 given to the smaller municipalities.
The release added that NYMIR is in the process of distributing more $7.5 million to municipal members statewide.