As I meet insureds from across the state, a common theme in our conversations involves the sense of partnership with Lawyers Mutual. Many attorneys tell me about the financial contribution they made more than 30 years ago to form this company. All remember why we were created and are proud that they made Lawyers Mutual
possible.
In addition to such services as a toll-free risk management hotline, free CLE and risk management resources on our website, we have returned a great deal of capital to our policyholders through dividends. From 1999 – 2006, we returned nearly $7m in capital to policyholders, or over $900 per insured attorney. If you read our Annual Report, you will know that from 2007 – 2009, we were unable to pay dividends due to unusual claim activity brought on by the financial crisis. In 2010, we showed significant improvement and believe we are on a good track this year.
As your mutual company, we have always pledged to offer services and benefits other companies are unable to match. We will not rest on our laurels, but are continuing to look for new ways to reward your loyalty and our partnership.
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