The Board of Governors of the Alaska Timber Insurance Exchange, a policyholder-owned workers’ compensation insurance company, announced a $2.2 million dividend is being paid to its members.
The dividend represents roughly 33 percent of ATIE’s 2013 direct premiums and it will be allocated to each member based upon their safety performance and ownership level.
More than $15 million in dividends have been paid to ATIE members over the last 10 years with the period being marked by improved loss frequency, according to the exchange.
Ketchikan, Alaska-based ATIE was formed in 1980 by members of the Alaska Loggers Association, which is now the Alaska Forest Association. ATIE’s membership includes a diverse group of employers located throughout Alaska.