Press Releases

HEMIC Rated A (Excellent) with Stable Outlook by A.M. Best

December 21, 2017 — HONOLULU, HAWAI‘I — A.M. Best Co. has affirmed the Financial Strength Rating of A (Excellent) and the Issuer Credit Rating of “a” for Hawaii Employers’ Mutual Insurance Company, Inc. (HEMIC). The outlook of these Credit Ratings continues to be “Stable.” HEMIC has attained an A rating from A.M. Best every year since they were first rated in 2007. HEMIC is the leading provider of workers’ compensation insurance in Hawaii, serving over 6,500 businesses with over 75,000 workers. “As a mutual insurance company, our primary obligation is to our policyholder members,” said Marty Welch, Chief Executive Officer... Read More

HEMIC Celebrates CEO Marty Welch, Awarded “Business Leader of the Year”

Congratulations, Marty! On Thursday, November 9, HEMIC celebrated our CEO Marty Welch, who was honored with the American Savings Bank Business Leader of the Year award at PBN’s Business Leadership Hawaii awards banquet. This award honors an individual from the business, public, or non-profit sectors who has made a significant difference in Hawai’i. The award is intended to recognize contributions in the last 12-18 months, but judges may also consider a longer pattern of individual leadership. In presenting the Business Leader of the Year award, PBN Publisher Tammy Mencel, spoke of how HEMIC has undergone a culture change and significant expansion... Read More

HEMIC Directors Declare $3.5 Million Dividend

HEMIC Has Returned over $31 Million in Dividends to Policyholders Over the Last 11 Years September 25, 2017 — HONOLULU. During HEMIC’s 20th anniversary year, the Board of Directors of Hawaii Employers’ Mutual Insurance Company, Inc. (HEMIC) has declared a $3.5 million dollar dividend payable to qualifying policyholders. This is $0.5 million dollars more than HEMIC’s dividend last year, and is the eleventh consecutive year that the HEMIC Board has authorized a multi-million dollar dividend. With this dividend, HEMIC will have returned over $31 million dollars to Hawaii businesses over the last decade-plus. Policyholders insured with HEMIC for more than... Read More

HEMIC Raises $40,000 for Arthritis Foundation with Inaugural Charity Golf Tournament

To commemorate our 20 years of dedication to the Hawai‘i business community, HEMIC celebrated with a charity golf tournament on July 31, 2017 at Waikele Country Club. All net proceeds from the event will benefit the Arthritis Foundation. The event brought together our industry partners and colleagues for a day of fun, sun, golf and fundraising. More than $40,000 from sponsorships, teams, raffles, mulligans and a silent auction will help the Arthritis Foundation achieve their mission.... Read More