Washington, DC – December 14, 2017 – The Independent Fixed Base Operators Association (IFBOA) and QBE Aviation of QBE Holdings, Inc. (QBE) are proud to announce that the IFBOA Workers Compensation Safety Group Program’s second year (2012) closed with a final Good Experience Return (GER) of 18%. On December 12, 2017, QBE declared approximately Two Million Nine Hundred Eighty Thousand Dollars ($2,980,000) for the Program participants for this year’s GER. To date, over Ten Million Dollars ($10,000,000) in GER has been earned by Program participants.
“The Program allows for five years of loss development before making the final calculation of a Program year’s GER. Years 2013-2016 continue to develop on track to produce over 20% returns to participants,” stated Steve Allen, QBE’s Senior Vice President and Head of Aviation. “Once again, we are pleased by the results of this Program, and the 2012 results fall in line with what we have come to expect,” he said. “The centerpiece of this Program was developed to reward safety performances with substantial year-end savings. When businesses place safety as a top priority, everybody benefits.”
“The returns prove the value proposition of the IFBOA Workers Compensation Safety Group Program,” stated IFBOA Manager of Membership, Jake Legere. “IFBOA strives to attract members who place safety as their highest priority, and the strong returns of this Program allow us to do so.”
This Program continues its strong performance with over 680 current participants. A driving force for these participation numbers is the strategic alliance between IFBOA and the National Air Transportation Association (NATA), allowing NATA members to partake in IFBOA’s Workers Compensation Safety Group Program. “We are pleased with the success of the IFBOA Program and the ability for NATA members to participate and earn a GER through NATA’s strategic alliance. This Program rewards safety performance and provides value to NATA’s members that participate,” stated Timothy R. Obitts, Executive Vice President & General Counsel of NATA.
If you want to learn about the IFBOA Workers Comp. Program, contact Jake Legere, at [email protected]or 703-785-5886, or have your insurance broker contact Brian Neal, Vice President – Head of Aviation Workers Compensation, QBE North America, 770-794-6431 or [email protected].
About IFBOA
IFBOA serves all types of aviation businesses, by providing resources and buying power to compete more effectively, and to increase the marketability and profitability of members through the interchange of knowledge, enhanced purchasing capabilities, shared marketing, and common objectives. www.ifboa.aero
About QBE
QBE Aviation of QBE Holdings, Inc. and QBE North America is part of QBE Insurance Group Limited, one of the top 20 insurers and reinsurers worldwide with a growing presence in the U.S. and the Aviation community. QBE North America uses the following insurance carriers for their workers compensation policies: North Pointe Insurance Company (Rating: A), Praetorian Insurance Company (Rating: A), QBE Insurance Corporation (Rating: A) www.AMBest.com, 2016
