The Board of Directors of ISBA Mutual Insurance voted at their December 2015 meeting to declare a $1.9 million dividend.
"We, at ISBA Mutual Insurance Company, are so proud of the progress and advancements (free policy enhancements, technology improvements and service gains) that the officers, staff and board have made this year,” said Chairman of the Board, John G. Locallo, "We are once again pleased to report a further dividend for all our member lawyers. After all, this is your Mutual and it’s a great feeling as Chairman to announce a return of your money. Have a great year!"
Efficient operations, careful risk selection and successful investment management allowed ISBA Mutual to return $18.3 million in premiums since 2000. Lawyers and law firms insured by ISBA Mutual received a dividend for the past 11 consecutive years.