Oregon: State-chartered WC insurer approves $100 million in dividends
SAIF Corp. last declared a dividend in December 2007. Customers with policies that ended in 2008 are eligible for the dividend. Checks will be mailed to eligible SAIF policyholders in April. Dividend amounts will range from 20.79 percent to 24.61 percent of premium.
"This infusion of millions of dollars into our local economies is the result of smart investments and a nationally recognized workers' compensation system that is both affordable for employers and meets the needs of injured workers," said Gov. Ted Kulongoski. "At a time when businesses are still struggling, this dividend will help small and large employers continue to invest in Oregon and their workers."
Brenda Rocklin, president and CEO of SAIF, said the insurer is able to pay a dividend because of solid recovery in the value of its investments during 2009 and improvements in workplace safety and loss experience.
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April 8, 2010
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