The board of SAIF, a not-for-profit workers’ compensation insurer in Oregon, declared a $60 million dividend for their current policyholders.
The funds will start being dispersed starting in October, with 51,288 policyholders receiving the dividend, which as determined based on the premium for policies in the previous year.
The decision to issue a dividend was based on factors including capital levels, claim trends and economic conditions.
This was the 15th consecutive year SAIF has issued a dividend to policyholders. The SAIF board last year declared a $135 million dividend for policyholders.
Topics Workers' Compensation
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