Dividend News from Lovell Safety Management
New York, NY… Lovell Safety Management Co., LLC, announced the 2015 – 2016 dividend earnings of three of its Safety Groups:
Safety Group #135 returned to members a 22.5 percent dividend. Qualifying members received an advance discount of 20 percent. The advance discount was increased to
25 percent for qualified insureds who were members of the Group on the 1/1/17 renewal.
Safety Group #162 paid a 20 percent dividend. Qualifying members received an advance discount of 20 percent. The advance discount was increased to 25 percent for qualified insureds who were members of the Group on the 1/1/17 renewal.
Safety Group #411 paid a 27.5 percent dividend. Qualifying members received an advance discount of 20 percent. The advance discount was increased to
25 percent for qualified insureds who were members of the Group on the 1/1/17 renewal.
Lovell Safety Groups are fully insured, non-profit entities that return any underwriting profit to group members. Any extra premium dollars collected-not used to pay losses or expenses-can be returned to members in the form of a dividend. Lovell Safety Groups provide businesses with the benefits of a guaranteed cost premium with additional savings earned through dividends.
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