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,
Was this article valuable?
Here are more articles you may enjoy.
US P/C Rebounds to Post Q1 Underwriting Gain; Net Income Doubles 
What Happens to Property Pricing in ’27, Insurance, Reinsurance Execs Ask 
‘Ghost Broker’ Who Procured 1,120 Policies Through Fraud Arrested 
Intersecting Risks and the Future of Construction Insurance 
