Oregon’s SAIF declares $60 million in dividends for workers’ compensation policyholders

The board of directors of SAIF, a not-for-profit workers’ compensation insurer in Oregon, has declared a $60 million dividend for their current policyholders.

The funds will begin to be dispersed starting in October, with 51,288 policyholders receiving the dividend, which was determined based on the previous year’s policy premium.

The decision to issue a dividend was based on factors including capital levels, demand trends and economic conditions.

This was the 15th consecutive year that SAIF has issued a dividend to policyholders. SAIF’s board declared a $135 million dividend to policyholders last year.

TOPICS
Oregon Workers Compensation