Motor Transport Association of Connecticut (MTAC) qualifying members are set to receive $138,377 in dividends for the 2017 plan year through the property and casualty insurance “Safety Group” underwritten by Acadia Insurance. This is the second consecutive year that dividends will be paid directly back to program participants. More than $630,000 in dividends have been paid during the last two years, and nearly $750,000 in dividends have been paid since program inception. Bouvier Insurance of West Hartford is the sponsoring agent for the program which is open to MTAC members of all appointed Acadia agents.
The dividend payment was announced at MTAC’s Annual Meeting on Thursday, October 31, when Artemis Tsagaris, Regional Vice President & Branch Manager for Acadia, presented a ceremonial check to MTAC and its members. “Acadia is thrilled that the Safety Group has earned this dividend based on group and individual excellent loss experience,” Tsagaris said.
Rob Bouvier, President of Bouvier Insurance, said, “This is great news for all members in the program. As the sponsoring agent of the program, we are committed to helping our clients continue to improve safety in order to receive these dividends again in the future.”
MTAC President Joe Sculley stated, “These dividends show the true value of being a MTAC member, and they are possible because of great partners like Acadia and Bouvier Insurance.”
The Safety Group provides commercial property/casualty coverage (including worker’s compensation) to qualified members. These dividends are paid when loss ratio thresholds are met. The Safety Group program is open to eligible new participants. To be eligible, a business must be a MTAC member, and be approved by Acadia Insurance.