Anchorage business owners receive dividend.

• Author: Pilkington, Steve
• Position: DIVIDENDS

Anchorage business owners recently saw the benefits of a workers' compensation dividend program that, in the face of rising costs, pays them dividends when the program is profitable. In 2000, the Alaska Cabaret, Hotel, Restaurant and Retailers Association (CHARR) began the program with Conrad Houston Insurance of Alaska, an Anchorage-based insurance company, in order to offer a workers' comp insurance policy to its members. Conrad Houston Insurance works with Republic of Indemnity Company to offer the policy. This year marks the third year that area business owners have received dividend payments, paying out to Anchorage businesses an average of $4,000--a 24 percent return on what they paid...