News from Friedlander Group, Inc

For more information contact: Mr. Cosmo Preiato, E.V.P., 800-394-7004, ext. 203 or email cosmop@friedlandergroup.com

The First Dividend, for 25% was Declared for the Hotel & Motel Group of New York Workers' Compensation

Safety Group #578, for year June 1, 2006 to June 1, 2007

PURCHASE, NY (02/05/2008; 1217)(readMedia)-- The Friedlander Group, Inc., the Group Manager for The Hotel & Motel Group of New York Workers’ Compensation Safety Group #578, underwritten by the NYS Insurance Fund, declared a 25% dividend to approximately 56 members with policies effective during the year of June 1, 2006, to June 1, 2007. The safety group was formed June 1, 2006, and offers a 20% Advance Discount and dividends, which are not guaranteed.

The 25% dividend is in addition to the Advance Premium Discount of 20%. A member with a standard premium of $10,000 paid only $6,000 in premium, after discounts and dividends.

“We are excited about reducing the cost of Workers’ Compensation for safety conscious Hotels and Motels,” said Adam Friedlander, Group Manager. “The Members love their savings and our Broker/Partners benefit by gaining and retaining their clients with a fully insured solution, said Friedlander.

Friedlander Group also manages three other safety groups for Retailers, Wholesalers and Restaurants. Members of Friedlander’s Safety Groups have saved over $150 million as a result of discounts and dividends. Since 1992, the average of the forty three paid dividends is 36.4%.

Friedlander Group is the Workers’ Compensation leader for Restaurants, Retailers, Wholesalers and Hotels/Motels in New York. In addition to reducing costs, Friedlander Group adds value with specialized services: experience modification premium recoveries, professional guidance in claims reporting and self-imposed deductibles, quarterly Loss Analysis Reports, and specialized loss control services and training.

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