State Fund declares 10% dividend for 2020

The State Compensation Insurance Fund of California will distribute $39 million — approximately 10% of its estimated annual premium — in a dividend to qualifying policyholders, the Pleasanton, California-based workers compensation insurer announced Monday.

The dividend will apply to policies that took effect between Aug. 27 and Dec. 31, 2020.

In August, the State Fund announced a $75 million mid-year dividend for all policies enacted between Jan. 1 and Aug. 26, 2020, to help policyholders affected by COVID-19 shutdowns.

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