Retailers Casualty Insurance Company Announces Policyholder Distribution Payable
Monday, March 17, 2025 | 314 | 0
BATON ROUGE, La. - March 17, 2025 - The Retailers Casualty Insurance Company board of directors has declared a $2,500,000 distribution payable for policies with initial effective dates in 2022, and distributions to qualifying policyholders have been issued.
Each distribution is in proportion to qualifying policyholder premium and loss ratio-the better their record, the higher the return. The maximum amount of distribution paid to qualifying policyholders with zero losses will be 21.3 percent of their normal premium. Policyholders must meet minimum eligibility requirements, and future distributions are at the board's discretion and not guaranteed.
"Retailers Casualty Insurance Company provides exceptional workers' comp coverage for our policyholders, and we are thrilled to reward those who are committed to keeping their employees safe," states Frank Brame, chairman of the Retailers Casualty board of directors.
"At Summit, we support policyholders through employee safety and claims management services, which helps to make these distributions possible," says Hank Chiles, senior vice president responsible for Summit's Southwest Region. "The potential for distributions - combined with exceptional service - continue to make Retailers Casualty Insurance Company one of the best workers' compensation programs in the market."
Retailers Casualty is managed by Summit Consulting LLC (DBA Summit. Know the people who know workers' comp LLC). Summit has more than 40 years of experience in workers' compensation and provides underwriting, policy administration, claims management and loss prevention services to Retailers Casualty Insurance Company policyholders.
Based in Lakeland, Florida, Summit is a leading regional provider of workers' compensation insurance coverage in the United States and is a member of Great American Insurance Group. Summit manages the day-to-day operations of six workers' compensation insurance companies that include its three affiliates, Bridgefield Employers Insurance Company, Bridgefield Casualty Insurance Company and Bridgefield Indemnity Insurance Company, and three non-affiliates, BusinessFirst Insurance Company, RetailFirst Insurance Company and Retailers Casualty Insurance Company. Summit provides its comprehensive workers' compensation insurance services to businesses in Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Kentucky, Louisiana, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas and Virginia. Summit has offices in Lakeland, Florida, Baton Rouge, Louisiana, and Gainesville, Georgia. For more information, visit www.summitholdings.com.
Summit contact:
Hank Chiles
Senior Vice President
Summit's Southwest Region
1-800-421-2944
Website: