Business Judgment & Payment of Dividends

Since the mid-1990s, multiple law suits have been filed seeking payment of dividends from mutual insurance companies to millions of class action plaintiff-policyholders. The cases that follow involved long-term litigation and multiple appeals. Ultimately, the insurance companies involved in these suits prevailed and the attempts to compel boards of directors to declare dividends, contrary to their business judgment and discretion, were unsuccessful.

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Salary Survey: Data by Size, Region, and More

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We are 1,400 property/casualty insurance companies serving more than 135 million auto, home and business policyholders, with more than $196 billion in premiums accounting for 50 percent of the automobile/homeowners market and 31 percent of the business insurance market. We are the largest and most diverse property/casualty trade association in the country, with regional and local mutual insurance companies on main streets across America joining many of the country’s largest national insurers who also call NAMIC their home. More than 200,000 people are employed by NAMIC members.