Johnston, R.I.-based FM Global said its commercial property insureds will collectively be credited with an estimated $380 million when they renew their policies next year.
The company said the "membership credit" follows good results due, in large part, to policyholders' effective loss prevention efforts.
FM Global said it will have credited a total of nearly $1.3 billion to its policyholders with this fourth membership credit since 2001.
Eligible policyholders will receive the 2008 credit in the form of a premium reduction at the time of their policy renewal or annual anniversary in 2008. The credit each client will receive will be based on client tenure, with longer-term clients benefiting the most.
Credits will range from 5 percent to 15 percent.
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