Associated Oregon Loggers, Inc. (AOL) is the statewide trade association representing
some 1,000 member companies engaged in the harvest and sustainable forest management
of Oregon’s 30 million acres of forestland. “Logger and Proud of It!”
NOW THIS IS GREAT NEWS!!!!!!
LIBERTY MUTUAL INSURANCE COMPANY BOARD OF DIRECTORS DECLARES $377,934 DIVIDEND FOR AOL PARTICIPATING MEMBERS FOR THE 2012/2013 POLICY PERIOD.
December 2014 Liberty Mutual of Directors officially declared 5% dividend for the June 01, 2012 to May 31, 2013 policy period. The dividend applies to the earned premium generated by Commercial General Liability and Business Automobile Liability insurance policies for the June 01, 2012 (inclusive) to May 31, 2013 (inclusive) policy period.
The dividend payable to AOL Participating Members totals $377,934.00 based on premium of $7,558,682.00. Losses totaled $2,313,874 for a loss ratio of 30.6%.
To our surprise at AOL, dividend checks have been mailed without any explanation directly to AOL participating regular or cooperative members that qualified for the 5% dividend.
No dividend shall be payable to an insured if the AOL member has not maintained continuous membership in the Association for at least one full annual policy term from June 01, 2012 until any dividend is declared.
The dividend trigger is based on two factors; premium volume and loss experience. AOL members did a superb job in achieving both factors including job safety awareness.
Congratulations to the members of Associated Oregon Loggers that have made this program successful. Without your continued support this huge dividend would not have been possible. This is the ninth dividend that has been paid to AOL qualifying members with over $2,700,000 being distributed back to AOL members.
Many thanks to the AOL Insurance Committee, AOL Board Members, Staff at Liberty Northwest, AOL Staff and Field Staff and the Independent Insurance Agents throughout the State of Oregon for their support and contributions in making this program highly successful.
We appreciate the loyal support we have received from Liberty Mutual Insurance Company. Liberty Mutual has been a loyal partner and supporter of AOL since 1993.AOL members that are insured through Liberty Mutual Insurance Company receive competitive pricing, specialized insurance coverage and outstanding service.
If your firm is not in this program contact Associated Oregon Loggers, Inc. or your Independent Insurance Agent and request a proposal. Receiving a proposal could save you hard earned dollars and you could qualify for a dividend should one be declared for future policy years.