Alaska Timber Insurance Exchange To Return $1.8 Million

The Board of Governors of the Alaska Timber Insurance Exchange, a policyholder owned workers’ compensation insurance company, announced that a $1.8 million dividend will be paid to its members on March 13, 2007. The dividend represents approximately 31 percent of ATIE’s 2006 direct premiums and will be allocated to each
member based upon its safety performance and ownership level.

ATIE said its members’ efforts to maintain safe workplaces have helped the company to benefits and have been a part of the Exchange’s success. ATIE is a policyholder owned insurance company specializing in providing workers’ compensation insurance for Alaskan employers headquartered in
Ketchikan, Alaska.

Source: ATIE