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
Was this article valuable?
Here are more articles you may enjoy.
A-Cap Insurers File Suit Against SCDOI Director; AM Best Downgrades Group 
How Insurers Can Gain the Most Value From Their AI Investments: Accenture 
Florida’s Commercial Clearinghouse Plan Hits a Snag, With OIR and Board Concerns 
Cyber Threats the Top Business Concern as AI Heightens Risk: Travelers Risk Index 
