Phoenix Aviation Managers, Inc. and the National Business Aviation Association
(NBAA) Announce 2012 Dividend for the NBAA Workers' Compensation Insurance
KENNESAW, Ga., Feb. 19, 2013
KENNESAW, Ga., Feb. 19, 2013 /PRNewswire/ -- Phoenix Aviation Managers
announced today that for the third consecutive year it will pay out a cash
dividend to NBAA Member Companies participating in the NBAA Workers'
Compensation Insurance Program for 2012. Participating Members have received
nearly $2 million since the program's inception.
The NBAA Workers' Compensation Insurance Program was introduced in 2009 to
provide access to high-quality coverage at competitive rates for NBAA Member
companies. The program is independently underwritten by Phoenix Aviation
Managers on behalf of Old Republic Insurance Company.
"We are delighted with the results of this insurance program. In addition to
receiving competitive premiums, the participating NBAA Members earned an
average of a 17.5% cash dividend for three consecutive years due to the
excellent loss experience of the group," stated Phoenix Aviation Senior Vice
President and Workers' Compensation Manager Craig Benn. "We are approved in
all available states which makes Phoenix Aviation a preferred workers' comp.
provider for aviation businesses operating in multiple locations."
All NBAA Members who operate aircraft are eligible for this insurance program
regardless of size or Member category. This includes all size flight
departments, from single aircraft operations to multi-aircraft flight
departments. Policies cover everyone involved within the company's flight
operation including pilots, maintenance technicians, flight attendants, flight
department managers, aircraft operators and administrative personnel. In
addition, there are provisions for companies using contract pilots, contract
flight attendants and other contract crew.
NBAA Member companies that are not participating in the Workers' Compensation
Insurance Program, but would like to know more should contact their insurance
agent or visit www.pamav.com. If you are not currently a NBAA Member, but are
interested in participating in the program, join the NBAA today at
Dividends are declared by Old Republic's board of directors and are dependent
upon the group loss experience and therefore cannot be guaranteed. Past
dividend experience should not be used to predict future performance.
About Phoenix Aviation Managers
Since 1983, Phoenix Aviation Managers, Inc. has been serving the aviation
community by offering a wide range of insurance products through independent
insurance agents and brokers. Phoenix Aviation Managers is a wholly-owned
subsidiary of Old Republic International Corporation. Insurance contracts
underwritten by Phoenix Aviation Managers are issued by Old Republic Insurance
Company. For more information, visit www.pamav.com.
Founded in 1947 and based in Washington, D.C., the National Business Aviation
Association is a leading organization for companies that rely on general
aviation to help make their businesses more efficient, productive and
successful. NBAA represents more than 9,000 companies and provides more than
100 products and services to the business aviation community, including the
NBAA Annual Meeting & Convention, the world's largest civil aviation trade
show. For more information, visit www.nbaa.org.
Contact: Jeff Novak
SOURCE Phoenix Aviation Managers, Inc.
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