NEW ROCHELLE, NY - The New York State Insurance Fund has awarded a 45 percent dividend to approximately 484 members of the United Restaurants of New York Worker's Compensation Safety Group #556, according to Adam Friedlander, group manager, who heads Friedlander Group®, Inc. The dividend applies to group members whose policies were effective during the year of September 30, 1998 to September 30, 1999.

Friedlander said the dividend is in addition to the advance premium discount of up to 35 percent that the group is accorded. He said that this means a member with a standard premium of $10,000, paid only $3,575, after discounts and dividends. The New York State assessment is deferred until dividends are paid, he added.

Pointing out that restaurant owners in the group have continued to earn premium savings, Friedlander said that the management group has been enhancing underwriting and claims processes.

The Friedlander Group Inc., manages two other workers' compensation safety groups. The Retail Group of NY #544 recently paid a dividend of 45 percent and the Wholesale Group of NY #551 recently paid a 45 percent dividend, in addition to up to 35 percent advance discounts. Since the inception of the three groups, a total of $20,791,810, in dividends have been paid to members, in addition to the advance discounts, Friedlander said.

The management group provides the specialized services: experience modification premium recoveries, professional guidance in claims reporting and self-imposed deductibles, quarterly loss analysis reports, and specialized loss control services and training, Friedlander said.

As printed in Insurance Advocate, June 03, 2000 issue