The board of directors for Utah’s Workers Compensation Fund declared a dividend to be distributed to a majority of policyholders in May.
Policyholders can expect to receive 5 percent of their 2012 earned premium. With this distribution, WCF will have returned more than $351 million in dividends to its policyholders since 1992. This equates to nearly 40 percent of operating income, almost 10 percent of net earned premiums.
Salt Lake City-based Workers Compensation Fund was established in 1917 and is owned by its policyholders and governed by a board of directors. WCF is rated A (Excellent) by the A.M. Best Company.
Topics Workers' Compensation
Was this article valuable?
Here are more articles you may enjoy.
China Accuses US of Orchestrating $13 Billion Bitcoin Hack 
70% of Drivers Say They’ve Felt Unfairly Judged by Auto Insurers: Arity Report 
Viewpoint: Beware the Rise in Unproven ‘Brittleness Test’ for Roof Shingle Claims 
Former Lloyd’s CEO Neal Will Not Join AIG; Hancock to Be General Insurance CEO 
