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.
Topics Contractors
Was this article valuable?
Here are more articles you may enjoy.
AI Data Center Boom Is ‘Maxing Out’ P/C Insurers, AIG CEO Says 
Meta Stares Down Trillion-Dollar Threat as Landmark Social Media Trial Begins 
Lindsay Clancy Trial Focus Turns to Drugs Prescribed Before She Killed Her 3 Children 
Lindberg’s Right-Hand Man Sentenced to Two Years After Cooperating With Prosecutors 
