SANTA CRUZ, Calif.–(BUSINESS WIRE)–Nonprofits Insurance Alliance (NIA) today announced that the Board of Directors of Nonprofits Insurance Alliance of California (NIAC), an insurer under the NIA brand, has approved a $3 million dividend for policyholders (members). Since 2007, NIAC has cumulatively returned $47.1 million in dividends to its members, all of whom are 501(c)(3) nonprofits. “Even in the midst of a national health emergency, the Board declared a dividend due to strong financial performance,” says Tammy Wilson, Chair of the NIAC Board of Directors.
