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WCF Returning 5% Dividend

By Greg Jones (Senior Editor)

Thursday, May 5, 2011 | 0

Utah's Workers' Compensation Fund (WCF) announced plans to return a $7.3 million dividend this June and said a majority of its policyholders can expect to get back 5% of their 2010 earned premium.If the fund issues the full $7.3 million dividend, it will have returned more than $339 million to policyholders since 1992, accounting for nearly 40% of operating income and 10% of net earned premiums, according to a statement from the fund.WCF Chief Executive Officer and President Ray Pickup said safety and managed care programs helped keep rates down and allow the fund to continue to issue ...

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