United Fire & Casualty Company (United Fire), based in Cedar Rapids, Iowa, announced a total policyholder dividend equal to $615,856 to members of its participating state Land Improvement Contractors Associations (LICA).
“The state LICA policyholder dividend rewards insured participants based on the safety performance of the group and this year, all lines of business qualified for the policyholder dividend,” said Randy Ramlo, president and chief executive officer of United Fire & Casualty.
United Fire noted that the availability of dividends is declared by the United Fire & Casualty board of directors from surplus funds. Dividends cannot be guaranteed.
The state LICA program is sponsored by Prins Insurance Inc. of Sanborn, Iowa.
Source: United Fire Group Inc.