ALAMO, Calif.--(BUSINESS WIRE)--BETA Risk Management Authority (BETARMA) announces that the BETA Council has approved member dividends of $14.3 million for the 2022/2023 contract year, to be paid in two installments as part of the July 1, 2022 renewals. Since 1992, BETARMA has cumulatively returned $224 million in dividends to its eligible healthcare members.
“The last couple of years have been difficult financially for hospitals,” said Corey Grove, BETA Healthcare Group’s CEO. “We are pleased to deliver on our mission and BETARMA’s long-term philosophy of returning dividends to our members. This year marks the 30th consecutive year of dividend distributions to our members and comes at a time when many facilities need some additional financial support.”
Members qualify for annual dividends based on premiums paid during the contract year and favorable claims experience. A multi-line dividend is paid to members who purchase both the Healthcare Entity Comprehensive Liability and Workers’ Compensation Coverage Contracts and renew both lines of coverage on July 1, 2022.
BETA Healthcare Group
BETA Healthcare Group (BETA) is the largest professional liability insurer of hospitals on the West Coast and provides a host of liability and workers’ compensation coverages to protect hospitals, health centers, clinics, hospices, medical groups, aging services and physicians and other healthcare workers. Rated “A” (Excellent) by A.M. Best, BETA has earned a reputation for financial strength, rate stability, quality service and breadth of coverage that is unparalleled in the industry. For more information, please visit www.betahg.com.
