NORCAL Mutual Insurance Company announced last week they will declare a dividend for 2010. The dividend equals about 10 percent of the prior policy-year premium for all California medical malpractice insureds. The dividend is applied just like a discount to the insurance billing statement. The only catch, of course, is you have to maintain your [...]

Generally speaking, once a premium is paid to an insurance company, it is gone. The Louisiana Medical Mutual Insurance Company (LAMMICO,) which was founded in 1981, announced its first dividend to policyholders in the spring of this year, 2008. That’s quite a long time to wait for a dividend return, if it were just that [...]