ICE SYSTEMS, INC.


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Thursday, September 17, 2015 11:52 PM Hawaii Employers’ Mutual Insurance Co. Board OKs $2.75M Dividend

Thursday, August 20, 2015 8:49 PM Hawaii's DTRIC Insurance Co. Adds Cyber Risk Insurance To Its Offerings

Hawaii Employers’ Mutual Insurance Co. Board OKs $2.75M Dividend

Thursday, September 17, 2015

The Hawaii Employers’ Mutual Insurance Co. Inc. board of directors has approved a dividend to $2.75 million for qualifying policyholders.

While the amount being returned to policyholders this year is some $510,000 more than the $2.24 million returned to policyholders in 2014, it is still well below the $5 million paid to policyholders in 2007 and 2008.

This is the ninth year in a row that the company, which specializes in workers compensation insurance, has approved a multimillion-dollar dividend.

“It remains a high priority to share HEMIC’s success with the policyholder members who have contributed to our strong financial position,” CEO Martin Welch said in a statement. “This dividend declaration is a clear statement to employers that investing in workplace safety is good for employees and good for the bottom line.”

Policyholders who have been insured by Honolulu-based HEMIC for more than one policy year and have demonstrated a safety record will receive a dividend. About 75 percent of policyholders are expected to receive a dividend, said Jason Yoshimi, president and chief financial officer.

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