FARGO, ND - Nodak Mutual Insurance Company’s Board of Directors has declared a 10.57% dividend payment to crop hail policyholders. The dividend represents over $553,700 that will be returned to Nodak Mutual crop hail policyholders.
“We are pleased to be able to return over 10 percent of our crop hail premiums to our policyholders in the form of a dividend payment. As a mutual company our focus is on providing competitive products and prices to our policyholders, and returning a portion of those profits in the form of a dividend,” said Nodak Mutual Executive Vice President and CEO Jim Alexander.
Nodak Mutual Insurance Company, the 18th largest crop hail writer in the country, is rated (A) Excellent by A.M. Best, and is the largest domestic property/casualty insurer in the state of North Dakota.