Insurance Group Declares 9% Dividend
The Northeastern Retail Lumber Association (NRLA) and partners Acadia Insurance and Eastern Insurance are excited to announce that NRLA member companies participating in the Northeastern Retail Lumber Safety Group will receive a 9% dividend for the 2016 Plan Year based on current loss ratios.
The dividend will return $323,203 (2.5%) in 2018 to NRLA’s qualifying members in New England and New York who are enrolled in the group insurance program, with the second (2.5%) and third (4%) evaluations for this plan year based on results as of Dec. 31, 2018 and Dec. 31, 2019, respectively.
The large dividend was the result of the cooperative efforts of the group’s members and partners working to proactively reduce risk through loss prevention best practices.
“For decades, the NRLA has consistently promoted safety and loss prevention best practices to our members throughout the Northeast,” explained Rita Ferris, NRLA President. “This program with Acadia Insurance and Eastern Insurance is another example of how the NRLA works with vendor partners to develop exclusive programs that reward our members for instituting workplace practices that keep their employees and facilities safe.”
Since 2003, the Northeastern Retail Lumber Safety Group has returned over $10 million in dividend returns.
Acadia Insurance is one of only ten companies recognized by the NRLA as Endorsed Vendors, providing exclusive benefits to the NRLA’s 1,100-member companies throughout the Northeastern U.S.
For more information on the Northeastern Retail Lumber Safety Group, visit NRLA.org or contact firstname.lastname@example.org.