Maine’s MEMIC said its board of directors authorized the immediate distribution of a $17 million dividend to eligible employers.
The carrier said it expedited the dividend this year because businesses are struggling with the fallout from the COVID-19 crisis.
“We normally make our annual dividend decision in September and distribute checks in November, but these are not normal times,” said Michael P. Bourque, president and CEO of MEMIC Group. “Though MEMIC is not immune to the impact of stock market fluctuations or the drop in payroll-related premiums, we believe that ...
Comments