NATA, IFBOA, and QBE Aviation Announce Final Good Experience Return of 24.74 Percent to Close 2015 Program Year
The National Air Transportation Association (NATA) and QBE Aviation of QBE Holdings, Inc. (QBE) are proud to announce that the 2015 Program year of its Workers Compensation Insurance Program closed with a final Good Experience Return (GER) of 24.74%. The Program allows for five years of loss development before making the final calculation of a Program Year’s GER. On December 18, 2019, QBE declared approximately $6,113,555.60 for the Program participants for this year’s GER. To date, over $22,254,749.89 in GER has been distributed to Program participants.
“This Program was developed with three key components in mind; to provide participants with a dependable long-term option for Workers Compensation Insurance, to reward safety-conscious participants, and to make joining the program as easy as possible. We are proud to continue that effort and to once again provide the returns from a successful year-end,” stated Steve Allen, QBE’s senior vice president, head of aviation.
“For 80 years, NATA has assisted its members in being safe and successful. The Program, with its good experience return, is just one way that NATA provides tangible value and assists aviation businesses in meeting their bottom lines. Participants look forward to these substantial savings year-after-year and we are pleased to see the substantial growth not only in the number of participants in the Program, but also in the overall return that the Program provides our members,” stated Timothy R. Obitts, chief operating officer of NATA.
