Penn National Insurance returns more than $500,000 dividend to ChamberChoice participants
PITTSBURGH, May 22, 2013 /PRNewswire/ -- Chambers of Commerce Service Corporation (CCSC) is pleased to announce that Penn National Insurance has declared an 11% dividend for the ChamberChoice Business Insurance program's first year, May 1, 2011 through April 30, 2012. The total dividend exceeds $500,000. Chamber member businesses that placed and retained their insurance coverage with Penn National Insurance during the first program year will receive a dividend check during the month of June.
Important aspects of this group insurance program are preventing loss and controlling claims costs. Because dividends are based on the group's collective experience, a business that may have had a significant loss may still be eligible to receive a dividend.
The program is sold exclusively through local, independent agencies that can offer Chamber members a variety of coverage options and pricing on property and casualty insurance, including business owner, commercial auto, property, general liability, inland marine and workers' compensation. Dividends are paid on all of the coverages. In addition, through safety consulting, Penn National Insurance and local independent insurance agencies encourage member businesses to develop practices to substantially reduce or eliminate workplace injuries.
The ChamberChoice Business Insurance program is just one of many benefits that CCSC offers to Chamber members. The partnership between Penn National Insurance and CCSC was designed to provide a value-added membership benefit that would help Chambers attract and retain members. For more information on the ChamberChoice Business Insurance program and other valuable programs, visit www.chamberchoice.com.
SOURCE Chambers of Commerce Service Corporation