Annual excess workers’ compensation program profits have been shared with 67 Premier Insurance Management Services members
Premier Insurance Management Services Inc, a Premier Inc. (NASDAQ: PINC) company offering unique insurance programs and companion services designed to reduce risk exposures, lower costs and support operational efficiencies, has returned $3.1 million in profit sharing to 67 hospitals and health systems that participate in its excess workers’ compensation program with Safety National Casualty Corporation (SN) in fiscal year 2020. More than $29 million has been distributed to policyholders since the program’s inception.
“The COVID-19 pandemic has created more financial disruption for our member hospitals and health systems than any other period in memory,” said Joelle Hren, President of Premier Insurance Management Services. “The profit-sharing distribution to policyholders represents our ongoing commitment, partnership and unwavering support in meeting the needs of our members.”
SN (A+ rated, A.M. Best) is a trusted market leader of specialized insurance and reinsurance solutions. SN combines exclusive coverage features and comprehensive risk management services creating unique expertise and unparalleled commitment to safety and customers.
The insurance program with SN, which was established in 2000, provides excess workers’ compensation insurance to hospitals and health systems. Active, qualifying policyholders in the Premier Insurance Management Services program have an opportunity to receive a portion of the policy year profits based on favorable program experience.