Some More Good Insurance News
When you write a story about a well-managed business insurer paying dividends back to policyholders, other insurers want to be noticed for their good news as well.
First, commenter Bruce Stein noted that Illinois medical malpractice insurer, ISMIE Mutual is also paying dividends to its policyholders. My blog yesterday did not mean to suggest that PLICO was the only business insurer paying dividends, only to point out that well-managed business insurers are out there and doing fine.
Second, I received an e-mail about an insurance brokerage in New Hampshire that has developed a great way of assisting its customers.
"Seeking to prevent loss of life and property, and to raise awareness of improper heating systems, local Concord Group Insurance Companies is giving $500,000 to their policyholders for the purchase of home heating fuel this winter season. More than 58,000 individuals and families across New England are eligible for Concord Group's one-time "A Warm Hand: Policyholder Heating Lottery" program." Concord serves businesses and homeowners in New England. Policyholders in Vermont and Maine can apply online for vouchers to assist with safe home heating this winter.
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Also, quality mutual life insurance companies such as Guardian, Northwestern, Mass Mutual and New York Life are owned by the policyholders and have a history of paying dividends in many cases for over a 100 years in a row.