HEMIC in Hawaii Issuing $5 Million Dividend to Policyholders

Hawaii Employers’ Mutual Insurance Company Inc. is giving policyholders the largest dividend in the workers’ compensation carrier’s history.

The HEMIC board of directors recently announced a $5 million dividend to qualifying policyholders.

The company credits HEMIC’s steady growth and policyholder efforts to improve workplace safety for the size of the dividend. To qualify for the dividend, policyholders must show a good historical performance and be insured for more than a term consecutively.

The recent dividend puts the total at $53 million in dividends issued since 2007. The carrier issued a $4 million dividend in September of last year.

HEMIC reports having 7,000 business customers and covering 75,000 workers across the Hawaiian Islands.