2022 dividend declared for the ChamberChoice business insurance program
Program has returned over $12.2 million in dividends
over 10 years
Chambers of†Commerce Service
Corporation (CCSC) is pleased to announce that Penn National Insurance has
declared a 5% dividend for the ChamberChoice Business Insurance program.† Members, who placed their insurance coverage
with Penn National Insurance during the 2020/2021 program year and remained
active chamber members and policyholders through the end of the program year,
will receive a dividend check during the month of June. This yearís dividend
totaled over $1.16 million. Over the past 10 years, Penn National Insurance has
returned an average of 6% in dividends each year, and an aggregate total of
$12.2 million to the business community.
The†ChamberChoice Business Insurance program is just
one of many benefits that CCSC offers its member Chambers. The partnership
between Penn National Insurance and CCSC was designed to provide a value-added
membership benefit that would help Chambers attract and retain members.
An†important aspect of this group insurance program
is preventing loss and controlling claims costs. Because dividends are based on
the groupís collective loss experience, a business that may have had a
significant loss may still be eligible to receive a dividend.
The†program is sold exclusively through local,
independent agents who can offer chamber members a variety of coverages and
pricing on property and casualty insurance, including businessowners,
commercial auto, property, general liability, inland marine and workersí
compensation. Dividends are paid on all of these coverages. In addition,
through safety consulting, Penn National Insurance and local independent insurance
agencies encourage member businesses to develop safety practices to
substantially reduce or eliminate workplace injuries.