December 17, 2007
A $950,000 dividend return has been approved by the Trust Board of Directors. Continued strengthening of cash reserves combined with favorable loss experience has allowed the Trust to once again return a tremendous amount of money to qualifying members. This year’s dividend is nearly double last year’s dividend of $500,000 and over 93% of Trust members have qualified to receive a portion of this distribution.
Throughout its 26 year history, the Trust has now declared over $18,200,000 in returns to its members due to exceptional claims management and loss prevention services. The dividend program rewards currently active members based on a combination of the Trust member’s longevity with the Trust, loss ratio and proportionate share of premium.
“Our staff takes great pride in providing Trust members with superior services and competitive pricing. As Connecticut’s only workers’ compensation provider dedicated solely to the healthcare market, the Trust’s commitment pays off in a multitude of ways for our members. Returns like this are the end result of a partnership between a dedicated, experienced staff and our members who work diligently at their end to reduce losses says CEO, Diane M. Ritucci. We remain strongly committed to our guiding principles of providing a stable, available workers’ compensation market for healthcare employers and to reducing the cost of workers’ compensation for our members.”
Each qualifying member will receive their check in the 30 day period preceding the renewal date of their 2008 policy. Those members whose policies renew on January 1, 2008 will be the first to receive their dividend checks which will arrive later this month.