Louisiana Med Liability Insurer to Return 20% Dividend to Policyholders

Louisiana Medical Mutual Insurance Company reported it will return a 20 percent dividend to all LAMMICO policyholders in Louisiana and Arkansas.

Nearly 6,000 policyholders will be affected; the dividend amount is based on policyholders’ written premium as of Nov.21, 2008.

All policyholders will receive dividend checks starting the first quarter of 2009. The total dividend declared is approximately $10.3 million.

In April 2008, LAMMICO declared its first ever dividend, totaling $10.3 million.

Source: LAMMICO, www.lammico.com

Topics Carriers Louisiana