Chesapeake Announces $50M Dividend

Chesapeake Employers Insurance Co. announced a $50 million dividend for policyholders with a loss ratio below 40.3% in policy year 2022. The carrier said about 90% of its policyholders will receive a payment as part of its largest ever corporate dividend. Chesapeake also said it is transitioning from using accident year experience to using policy year experience to determine which policyholders are eligible for a dividend. “Policy year experience gives us a better match of losses to premiums to determine loss ratio,” the carrier said. Experience from the 2022 policy year w...