NEWS
Wood product makers
award cash dividend to
association members
The Wood Products
Manufacturers Association and
Pennsylvania Lumbermens Mutual
Insurance Co. will provide a 7. 5
percent cash dividend to the
Association’s 2017 Safety Group.
Those members who were
PLM policyholders during the
year of 2017 will be receiving
their dividends based on all lines
of coverage with PLM except
Umbrella coverage. Those
members who were not enrolled
in the program for the entire
year will still receive a dividend
that is pro-rated based on the
number of months they were PLM
policyholders and enrolled in the
group. Checks will be mailed or
delivered to members in the next
couple weeks.
WPMA’s program has
dividends in seven to 10 years
and has averaged a 4. 15 percent
cash dividend since its inception.
This year PLM is returning
$516,160 to WPMA members.
For those companies enrolled
in the 2018 program, the
Association’s current loss ratio
through April 30, 2018 is 36
percent. WPMA must finish the
year at below 50 percent for the
potential of a possible dividend.
https://bit.ly/2MJpcv Y
- R.D.
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