The ISBA Mutual Insurance Company has partnered with the Illinois Bar Foundation to create the ISBA Mutual Giving Circle, new in Fiscal Year 2017. This program allows ISBA Mutual policyholders to donate all or part of their dividend to support the mission of the IBF. These generous contributions help close the gap in the civil justice system by providing funding for civil legal aid programs throughout the state of Illinois and will also help provide financial aid to lawyers who are no longer able to support themselves and their families due to age and/or illness or injury. (read more)
The Board of Directors of ISBA Mutual Insurance voted at their December 2015 meeting to declare a $1.9 million dividend.
"We, at ISBA Mutual Insurance Company, are so proud of the progress and advancements (free policy enhancements, technology improvements and service gains) that the officers, staff and board have made this year,” said Chairman of the Board, John G. Locallo, "We are once again pleased to report a further dividend for all our member lawyers. After all, this is your Mutual and it’s a great feeling as Chairman to announce a return of your money. Have a great year!"
Efficient operations, careful risk selection and successful investment management allowed ISBA Mutual to return $18.3 million in premiums since 2000. Lawyers and law firms insured by ISBA Mutual received a dividend for the past 11 consecutive years.