N.Y. insurance fund returned dividends worth $173.3M last year

02/15/2010 | IFAWebNews.com

The New York State Insurance Fund last year paid $173.3 million in dividends to about 34,000 policyholders as a reward for ensuring workplace safety and keeping sound business practices, which resulted in reduced losses. "We were able to increase the dividend and return significant money to our policyholders even in a depressed economy, money that can be used to expand operations, create jobs and help rebuild the New York economy," said Francine James, the state fund's chief deputy executive.

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