What’s New

HEMIC Board Declares $1 Million Dividend

HEMIC has returned policyholder dividends for 15 consecutive years. NEWS RELEASE — The Board of Directors of Hawaii Employers’ Mutual Insurance Company, Inc. (HEMIC) has declared a $1 million dividend payable to qualifying policyholders.  Since 2007, HEMIC’s Board has declared dividends each year and, with this declaration, will have returned over $42 million to Hawai`i policyholders.  In just the last 2 years, HEMIC has returned $5.5 million to policyholders in dividends and premium relief, helping their customers outlast a worldwide pandemic and the resulting economic impact on Hawai`i. “HEMIC’s operating results have also been negatively impacted by COVID, but we... Read More

HEMIC Rated A (Excellent) with Stable Outlook by AM Best

HEMIC Has Maintained “A” Rating Since First Rated in 2007 NEWS RELEASE — AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) for Hawai`i Employers’ Mutual Insurance Company, Inc. (HEMIC). The outlook of the Credit Ratings (ratings) is stable. The largest provider of workers’ compensation insurance in Hawai`i has maintained an A rating from AM Best every year since they were first rated in 2007.  The ratings reflect HEMIC’s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, limited business profile and... Read More

HEMIC Board Declares $2.5 Million Dividend

The Board of Directors of Hawai`i Employers’ Mutual Insurance Company, Inc. (HEMIC) have declared a $2.5 million dividend payable to qualifying policyholders. Since 2007, HEMIC’s Board has declared dividends every year and with this declaration will have returned over $40 million to Hawai`i policyholders over the last fourteen years.... Read More

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

HEMIC Has Maintained “A” Rating Since First Rated in 2007 NEWS RELEASE — A.M. Best Co. has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Stable) for Hawai`i Employers’ Mutual Insurance Company, Inc. (HEMIC), the largest provider of workers’ compensation insurance in Hawai`i. HEMIC has maintained an A rating from A.M Best every year since they were first rated in 2007. Said Martin J. Welch, Chief Executive Officer of HEMIC, “A.M. Best’s affirmation of our rating is a validation of HEMIC’s financial strength and commitment to Hawai`i’s businesses and workers. From our inception, HEMIC... Read More