SAIF’s board of directors has declared a $50 million dividend for more than 50,000 workers’ compensation policyholders.
In October, 50,757 policyholders are set to receive the dividend, which will be calculated based on the premium for policies that ended in 2024.
This is the 16th consecutive dividend given to SAIF policyholders.
According to Chip Terhune, president and CEO of SAIF, the organization considered the current economic uncertainty and the rising trends in medical costs. However, despite the challenges, SAIF’s strong fiscal position, effective claims handling and proactive safety programs made this year’s dividend possible.
SAIF is Oregon’s not-for-profit workers’ comp insurance company.
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