Acadia to Pay More Than $3.3 Million in Dividends to Four New England-Based Programs
WESTBROOK, Maine (Mar. 01, 2017) – Acadia Insurance, a W. R. Berkley Company®, is paying more than $3.3 million in policyholder dividends* to four Northeast-based safety group dividend programs that serve local contractors and retail lumber dealers. The company has cumulatively distributed $21.7 million in dividends since the first group formed in 2003. Acadia’s dividend programs reward participating members by returning a share of its profits to qualifying plan members when the groups foster safe work places and meet, or exceed, established loss ratio targets.
Acadia will return more than $3 million in dividends to qualifying members of these groups in 2017:
- Associated Subcontractors of Massachusetts (ASM)
- Maine and New Hampshire Street, Road and Utility Contractors Safety Group
- New Hampshire Commercial Builders (NHCB)
- Northeast Retail Lumber Association (NRLA)
“These businesses made a concerted effort to reduce losses through the promotion of a safety culture, and we are proud to reward their efforts by returning more than $3 million in dividends,” said David LeBlanc, chief underwriting officer, Acadia Insurance. “We are long term partners to these organizations and programs and we want to help them continue to earn dividends in the future.”
LeBlanc added that Acadia provides regular safety group meetings that highlight industry trends and loss prevention tips targeted to their business operations. Furthermore, safety training is also available for customers through Acadia’s loss control experts, including fall prevention, forklift safety, driver safety and OSHA 10 training.
Businesses interested in participating in the dividend program should contact their independent insurance agent or visit www.acadiainsurance.com to learn more.
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