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Acadia Insurance to pay $1.4M in dividends to logging contractors

BY Staff

10/18/2018
Courtesy  / Professional Logging Contractors of Maine
Courtesy / Professional Logging Contractors of Maine
Acadia Insurance, a W. R. Berkley company recently, announced that it will pay more than $1.4 million in premium dividends to eligible policyholder members of the Professional Logging Contractors of Maine Safety Group.

About Acadia Insurance


Acadia Insurance Co. is a regional underwriter offering commercial and specialty property casualty insurance coverages through independent insurance agents with local offices in Connecticut, Maine, Massachusetts, New Hampshire, New York and Vermont. Rated A+ (Superior) by A.M. Best, Acadia Insurance Co. is a member company of W. R. Berkley Corp., one of the nation’s premier commercial lines property casualty insurance providers.


About PLC of Maine


The Professional Logging Contractors of Maine has been serving loggers since 1995 and aims to give independent logging contractors a voice in the ever-changing logging industry. The PLC focuses on advocacy, safety, quality operations and business innovation for loggers. It is a logging organization run by loggers that understands the importance of the logging industry and its impact on the Maine economy.

Acadia Insurance, a W. R. Berkley company recently, announced that it will pay more than $1.4 million in premium dividends to eligible policyholder members of the Professional Logging Contractors of Maine Safety Group.
Since 1999, Acadia has distributed over $9 million in premium dividends to eligible participants of this safety group.
Founded by Acadia Insurance, the PLC Safety Group dividend program rewards logging companies and sole proprietors for having a safe workplace by refunding a portion of their insurance premium if certain measures are met by the entire safety group. In addition, Acadia Insurance, in coordination with the PLC, provides risk management and mitigation expertise to members to help ensure the long-term sustainability of the logging industry in Maine.
“Acadia is once again extremely proud to issue dividends to eligible PLC members,” said Jonathan Becker, regional vice president of Acadia Insurance’s Maine office in Westbrook. “When PLC members keep a safe work environment it benefits not only the members, but also Maine’s economy. It becomes a win-win as we refund premiums to our eligible members.”