SAIF announces $210 million dividend

The State Accident Insurance Fund of Oregon announced on Wednesday that it would pay out a $210 million dividend to policyholders — its second since the start of the pandemic.

Salem, Oregon-based SAIF said the nonprofit comp provider will base the dividend on premium for policies whose term ended in 2020; the dividend will be distributed in July.

SAIF issued a $100 million dividend in 2020. This year’s dividend marks the 12th consecutive year that SAIF has offered a dividend and its 24th since 1990.

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