FM Global offers collective $465 million premium credit
FM Global has announced its clients will collectively receive an estimated $465 million in premium credit when they renew their policies between June 30, 2016, and June 29, 2017. This is the ninth year FM Global has offered its clients membership credit as a result of its strong operational and financial results.
"The membership credit embodies the core value of our structure as a mutual insurance company," says Thomas A. Lawson, FM Global's president and CEO. "Our clients' dedication and focus on risk improvement and business resilience is central to the reduction and frequency of losses experienced last year, making it possible for us to provide a membership credit for the fourth straight year."
Following this credit, FM Global clients will have benefited from about $3.4 billion in membership credit since the program was introduced in 2001. About 1,900 clients qualify this year, some of which have been FM Global policyholders since the late 1800s.