Retailers Casualty Insurance Company Announces Policyholder Distribution Payable
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BATON ROUGE, La., April 28, 2021 /PRNewswire/ -- The Retailers Casualty Insurance Company board of directors has declared a $2,246,000 distribution payable for the 2019 policy year, and distributions to qualifying policyholders have been issued, either by a mailed check or a credit to their account.
Each distribution is in proportion to qualifying policyholder premium and loss ratio—the better their record, the higher the return. The maximum amount of distribution paid to qualifying policyholders with zero losses will be 17.5 percent of their normal premium. Policyholders must meet minimum eligibility requirements, and future distributions are at the board's discretion and not guaranteed.