NEW ROCHELLE, N.Y. -- For the second year in a row, members of the United Restaurants of New York Workers' Compensation Safety Group, have earned a 52.5 percent dividend over the 25 percent advance discount offered to the group, according to Adam Friedlander, who heads Friedlander Group, Inc., the group manager. The group is underwritten by the New York State Insurance Fund.   There was approximately 350 members in the safety group covered during the year September 30, 1996 to September 30, 1997. Friedlander said that a member with a standard premium of $10,000, paid only $3,563 after the advance discount and the dividends.   Friedlander said the "huge savings" are a direct result of the "careful selection of members with low claims experience." He said that selection complements the quality claims administration and the value-added services.   The dividend earnings started at 37.5 percent in the first full year of operation and repeated that return for the second year, Friedlander said, noting the significant leap upward for the third and fourth years to 52.5 percent. He also noted that the advance discount had initially been 20 percent, but was raised to 25 percent. He also noted that when the group is renewed in September 1998, the 12.8 percent assessment will be deferred, interest free, until dividends are paid.   The Friedlander Group, Inc. manages two other Workers' Compensation Safety Groups. The Retail Group of NY #544 recently paid a dividend of 50 percent and the Wholesale Group of NY # 551 recently paid a 42.5 percent dividend, in addition to the 25 percent advance discount. Since the inception of the three groups, a total of $11,725,004, in dividends have been paid to members, in addition to the advance discounts, Friedlander said.   Mr. Friedlander said that the group's services include experience modification premium recoveries, professional guidance in claims reporting and self-imposed deductibles, quarterly Loss Analysis Reports, and specialized loss control services and training.

As printed in Insurance Advocate, June 6, 1998 issue

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