Alaska Workers’ Comp Insurer Pays $2.8 Million to Policyholders

The Board of Governors of the Alaska Timber Insurance Exchange (ATIE), a policyholder owned workers’ compensation insurance company, is paying a $2.8 million dividend to its members based on their performance in maintaining safe workplaces.

The dividend, which was paid on March 7, 2008, represents
approximately 45 percent of ATIE’s 2007 direct premiums and will be allocated to each member based upon their safety performance and ownership level.

ATIE, headquartered in Ketchikan, Alaska, is a policyholder owned insurance company specializing in providing workers’ compensation insurance for Alaskan employers. Coverage is available through Combs Insurance Agency Inc., Davies-Barry Insurance, Marsh, Parker Smith and Feek Inc. and Shattuck and Grummett Inc.

Source: ATIE