Employers to Receive Dividend Checks Totaling $21 Million

The MEMIC Group will issue a record dividend of $21 million next month to 18,000 Maine employers who bought their workers’ compensation coverage from Maine Employers’ Mutual Insurance Co. Checks of up to $220,000 will be delivered in November depending on the amount of premium an employer paid in 2014, said Michael Bourque, president and chief executive officer of The MEMIC Group, which is licensed to write workers’ compensation coverage across the country. “The total authorized return to Maine employers since 1998 now exceeds $241 million. This money will go back int...