California Insurer Announces 15th Consecutive Dividend for Policyholders
SANTA CRUZ, Calif.–(BUSINESS WIRE)–Nonprofits Insurance Alliance (NIA) today announced that the board of directors of Nonprofits Insurance Alliance of California (NIAC), an insurer under the NIA brand, has approved a $3 million dividend for policyholders (members). Since 2007, NIAC has cumulatively returned $50 million in dividends to its members, all of whom are 501(c)(3) nonprofits.
“Nonprofit organizations are tireless champions for the communities they serve. It is an honor for the Board to declare a dividend to our members as a way of supporting their work,” says Tammy Wilson, chair of the NIAC board of directors.
NIAC’s innovative dividend plan for its nonprofits members is based on individual member premiums…