ISBA Mutual holds Board election

During its Annual Meeting on April 18 at its Chicago headquarters, ISBA Mutual Insurance Company re-elected several board members to another three-year term. They are Jack Carey, David A. Decker, James J. DeSanto, Robert K. Downs, Christopher Mullen and John E. Thies.

The board also announced its newest member, Paula H. Holderman, president of the Illinois State Bar Association, who was elected to a three-year term.

In remarks at the meeting, Jon DeMoss, president and CEO of ISBA Mutual Insurance Company, stated that “the company has retained our “A” Excellent Rating from A.M. Best Rating Company and that the Board of Directors declared a 10 percent policyholder dividend for 2013 equaling $1.7 million.” The company has returned a total of $14.7 million to policyholders since 2000.

When it was founded in 1988 by members of the Illinois State Bar Association, ISBA Mutual became one of a select group of bar-related insurance companies in the U.S. to offer professional liability insurance to its members as a way to control the skyrocketing cost of premiums. ISBA Mutual is governed by a Board of Directors which includes current and past leadership of the Illinois State Bar Association.

Further information is available at www.isbamutual.com.