NationAir News

NBAA Workers’ Comp Program Announces 20 Percent Dividend for 2011

WEST CHICAGO, IL—January 17, 2012—The NBAA Workers’ Compensation Insurance Program, managed by NationAir Aviation Insurance and underwritten by Phoenix Aviation Managers, announced that participants will once again receive a 20 percent dividend.

This represents the second consecutive year that the program has paid out a dividend since its creation in 2009, said Jeffrey Bauer, NationAir?s president. To date, the program has paid out nearly $1 million in dividends to participants. The NBAA Workers’ Compensation Insurance program is administered by NationAir, underwritten by Phoenix and its affiliate Old Republic Insurance Company, and offered through the National Business Aviation Association to its members.

“In this challenging economic environment, we’re proud to offer a program that provides a significant financial benefit to members,” said Bauer. “The dividend also is a testament to participants’ commitment to safety.” Program participants’ outstanding loss experience dictates the dividend, he explained.

In addition to reducing the cost of workers’ compensation insurance premiums for NBAA members, the workers’ comp program provides backing for NBAA as it supports the business aviation community.

“A cash dividend like this is quite rare in our industry,” said NBAA President and CEO Ed Bolen, “and we are extremely pleased to have 20 percent of the premiums from this program returned to member companies for two years in a row.”

All NBAA members that operate aircraft qualify for the workers’ comp program, regardless of size or member category. Policies cover all employees of a company’s flight department, including pilots, maintenance technicians, flight attendants and flight department managers. The program even includes provisions for contract crew members. Participants must, however, belong to the NBAA.

More information is available by visiting www.nbaaworkerscomp.com. Non-members can take advantage of this money-saving program by joining NBAA. Membership information is available at www.nbaa.org/join/workerscomp. Interested aviation brokers can contact Phoenix Aviation Managers for more information.

About NationAir
NationAir, www.nationair.com, combines the influence of a national brokerage with the personal relationships of a local broker. Founded in 1978, it is one of the country’s oldest and largest aviation insurance brokers, with more than $40 billion in assets insured. NationAir is based in suburban Chicago and fields representatives in eight locations across the country, with clients in all 50 states and 30 countries. NationAir has pioneered specialized programs to help the general aviation community operate safely.

About Phoenix
Since 1983, Phoenix Aviation Managers Inc., www.pamav.com, has been serving the general aviation community by offering a wide range of insurance products through local independent agents and insurance brokers. Phoenix is a wholly owned subsidiary of Old Republic International Corporation, an insurance holding company whose subsidiaries market, underwrite and provide risk management and liability, title, mortgage guarantee and title insurance. Old Republic has assets exceeding $12 billion and capitalization of more than $4 billion.

About NBAA
Founded in 1947 and based in Washington. D.C., the National Business Aviation Association, www.nbaa.org, is the leading organization for companies that rely on general aviation to help make their businesses more efficient, productive and successful. NBAA represents more than 8,000 companies and provides more than 100 products and services to the business aviation community.

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