Oregon’s nonprofit State Accident Insurance Fund Corp. (SAIF) on Wednesday declared a $210 million dividend for its policyholders and acknowledged the financial toll the pandemic has taken on Oregon businesses.
“Oregon businesses continue to face tremendous uncertainty,” SAIF President and CEO Kerry Barnett said in a statement. “When our financial position indicates we can issue a dividend, we do — it’s the best way we can support our policyholders right now.”
The dividend will be based on premium for policies whose term ended in 2020 and will be distributed in July. This is the 12th year in a row SAIF has been able to offer a dividend, and the 24th dividend since 1990.
Last year, SAIF helped more than 3,400 businesses through the $25 million coronavirus worker safety fund. The fund helped employers quickly implement safety practices to protect workers against the virus. SAIF also returned a $100 million dividend in 2020.
SAIF is Oregon’s not-for-profit workers’ compensation insurance company.
Related:
- Oregon Workers’ Comp Costs Dropping for 8th Straight Year
- SAIF in Oregon Declares $100 Million Dividend for Policyholders
- Oregon 2020 Workers’ Compensation Premium Assessment Rates Dropping
Topics Oregon
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