#United States #Baton Rouge #Workers' Comp #Retailers Casualty #Summit Consulting

Retailers Casualty Insurance Company Declares $2.5 Million Distribution

On March 17, 2025, Retailers Casualty Insurance Company, known for its reliable workers' compensation coverage, announced that its board of directors has approved a remarkable distribution of $2.5 million. This payout is intended for policyholders with policies that became effective in 2022.

The distribution is tailored to reward qualifying policyholders based on their premium contributions and loss ratios. Essentially, the better a policyholder’s loss record, the higher their return on the distribution. For example, those fortunate policyholders who have maintained a flawless record without losses can expect to receive as much as 21.3% of their standard premium. However, it is important to note that eligibility for this payout requires meeting specific criteria, and future distributions are at the board's discretion, without any guarantee.

Frank Brame, the chairman of the Retailers Casualty board, expressed his enthusiasm about the decision, stating, "Retailers Casualty Insurance Company provides exceptional workers' comp coverage for our policyholders, and we are thrilled to reward those who are committed to keeping their employees safe."

Summit Consulting LLC, operating under the name Summit. Know the people who know workers' comp LLC, manages the Retailers Casualty Insurance Company. With over 40 years of expertise in the workers' compensation field, Summit not only oversees premium collection and policy administration but also plays a crucial role in claims management and loss prevention for policyholders. Hank Chiles, senior vice president responsible for the Southwest Region at Summit, added, "At Summit, we support policyholders through employee safety and claims management services, which helps to make these distributions possible. The potential for distributions—combined with exceptional service—continue to make Retailers Casualty Insurance Company one of the best workers' compensation programs in the market."

About Summit
Based in Lakeland, Florida, Summit is a prominent regional provider of workers' compensation insurance in the United States. It operates under the umbrella of Great American Insurance Group and manages the day-to-day affairs of six insurance companies, including affiliates like Bridgefield Employers Insurance Company and non-affiliates such as BusinessFirst Insurance Company and RetailFirst Insurance Company. Summit’s services span various states, including Alabama, Florida, Georgia, Illinois, and others. Their mission of providing comprehensive insurance coverage reinforces their reputation as a leader in the industry. For more details on their offerings, interested parties can visit Summit Holdings.

In summary, the recent declaration of a $2.5 million distribution from Retailers Casualty Insurance Company marks a significant step in acknowledging the dedication of policyholders towards maintaining safe working environments. It highlights the company's continuous commitment to fostering a culture of employee safety and responsible risk management, reinforcing the symbiotic relationship between policyholders and their insurer.