FM Global is reducing membership premiums by a total of $435 million for customers renewing their policies between June 30, 2013 and June 29, 2014.

The insurer says that this earmark, which is the largest it has ever offered since it introduced the credit program in 2001, is a result of FM Global's financial success due to policyholders' property loss prevention efforts.

"Our clients' commitment to the fundamental belief that the majority of loss is preventable has contributed to FM Global's favorable loss experience, enabling us, once again, to apply a membership credit against renewal or anniversary premium to eligible policyholders," said Shivan S. Subramaniam, chairman and chief executive officer of FM Global.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.