Timber Group Approves $2.2 Million Dividend

The Alaska Timber Insurance Exchange board of governors approved a $2.2 million dividend that will be split between its 34 policyholders based on their safety performance in 2013.Michael Hinchen, manager of Alaska Timber Insurance Exchange, said the amount of dividend checks mailed on March 7 are based on the three-year loss and experience history of policyholders.“Some really well-managed companies are getting 50% to 60% of 2013 premiums back in dividends,” he told WorkCompCentral.The mutual workers' compensation carrier said in a statement the dividend represents about 33% of...