October 11, 2023- Premier Insurance Management Services, a subsidiary of Premier, Inc., is pleased to announce the annual profit-sharing distribution of $8.1 million to be shared among 70 hospitals and health systems participating in its excess workers’ compensation program. This significant distribution underlines the dedication of Premier Insurance, in collaboration with partner Safety National Casualty Corporation (SN), to prioritize employee safety and risk mitigation.
This year’s profit-sharing distribution is a testament to the collective efforts of participating hospitals and health systems. The commitment to proactively manage losses and enhance safety protocols has enabled Premier Insurance to extend profit-sharing benefits once again to all renewing policyholders. The cumulative distribution since the program’s inception 23 years ago now surpasses $45.0 million.
The partnership’s foundation was established more than two decades ago, and it continues to thrive by providing excess workers’ compensation insurance to hospitals and health systems. Active and qualifying policyholders in the program with Premier Insurance Management Services can receive a share of the policy year profits based on the program’s consistently favorable experience.