Baton Rouge, La.-based Retailers Casualty Insurance Co., a workers’ comp insurer managed by Summit, has declared a $1.7 million policyholder dividend for the 2015 policy year.
Retailers Casualty policies are available in Arkansas, Louisiana, Mississippi and Texas.
Each dividend is in proportion to qualifying policyholder premium and loss ratio — the better their record, the higher the return. The average amount of dividend paid to qualifying policyholders with zero losses will be 12.3 percent of their normal premium. To receive dividends, policyholders must meet minimum requirements, and dividends are not guaranteed.
Summit has 40 years of experience in workers’ compensation and provides underwriting, policy administration, claims management and loss prevention services to Retailers Casualty Insurance Co. policyholders.
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