dividend News

Montana’s State Fund Declaring $30M Dividend

The Montana State Fund board of directors has declared a $30 million dividend to be paid to its safest policyholders. The Great Falls Tribune reports that the Montana State Fund is the state’s largest workers’ compensation insurance company, insuring nearly …

Oregon Employers Will Get $160 Million From SAIF

SAIF customers in Oregon will receive $160 million in dividends this year. The SAIF the board of directors declared a $120 million primary dividend to be paid to policyholders based on their premium, and a $40 million safety performance dividend …

California State Fund Declares $105M Dividend for Workers’ Comp Policyholders

The board of California’s State Compensation Insurance Fund announced plans to distribute a $105 million dividend to qualifying policyholders with policies that took effect between Jan. 1 and Aug. 19. This dividend equals roughly 15% of the estimated annual premium …

Nonprofits Insurance Alliance of California Declares $3M Dividend for 2019

Nonprofits Insurance Alliance of California has declared a $3 million dividend in 2019. The group will issue the dividend to its qualifying member-insured 501(c)(3) nonprofits renewing their policies from June 1, 2019, to May 31, 2020. NIAC’s dividend plan issues …

LWCC in Louisiana Declares 2017 Policyholder Dividend

The board of directors for LWCC, a provider of competitive workers’ compensation insurance to Louisiana employers, has declared a 2017 dividend of $81 million to its policyholders. The amount was distributed to policyholders in April and May, bringing the total …

Pinnacol Issues $50M in Dividends to Colorado Employers

Pinnacol Assurance is distributing $50 million in workers’ compensation dividend checks this month to its policyholders. Nearly 53,000 employers throughout the state will receive a dividend. Check amounts are calculated based on the policyholder’s premium size and performance. The average …

Directors for Hawaii Workers’ Comp Insurer HEMIC Declare $3.5M Dividend

The board of directors of Hawaii Employers’ Mutual Insurance Company Inc. has declared a $3.5 million dividend payable to qualifying policyholders. This is $500,000 dollars more than HEMIC’s dividend last year, and is the 11th consecutive year that the HEMIC …

Pinnacol Issues $50M in Workers’ Comp Dividends to Colorado Employers

Colorado workers’ compensation insurer Pinnacol Assurance is distributing $50 million in dividend checks this month to its policyholders. More than 53,000 employers throughout the state — roughly 94.2 percent of the company’s policyholders — will receive a dividend in recognition …

Cattle Feeders Association Earns $716K Safety Dividend from Texas Mutual

Texas Mutual Insurance Co. has awarded a dividend of $176,118 to the Texas Cattle Feeders Association workers’ compensation safety group. The dividend was earned based on the group members’ dedication to making safety a priority in their businesses and therefore …

Texas Mutual Pays $4M-Plus Dividend to Texas Oil & Gas Assoc. Group

Austin-based Texas Mutual Insurance Co., a policyholder-owned company, announced it awarded a dividend of $4,019,352 to the Texas Oil & Gas Association (TXOGA) safety group. The dividend was earned based on the group members’ dedication to making safety a priority …