Oregon’s SAIF declares $100 million dividend

Policyholders of Oregon’s State Accident Insurance Fund will share a $100 million dividend to be distributed in October, the workers compensation insurance company said in a statement Wednesday.

SAIF’s dividend will be based on premium for policies with a 2019 term end. This is the 11th consecutive year the insurer has offered a dividend and the 23rd dividend in the past 30 years.

“Oregon's employers and their employees make dividends possible by working together to prevent workplace injuries and illnesses,” said Kerry Barnett, SAIF’s president and CEO, in the statement.

SAIF also created a $25 million coronavirus fund and has distributed money to more than 3,400 policyholders to help offset expenses for making workplaces safer against the coronavirus.

More insurance and workers compensation news on the coronavirus crisis here.