Oregon’s SAIF Corp. on Wednesday announced that its board of directors declared a $75 million dividend.
The dividend will be based on premium for policies that expired in 2021 and will be distributed in October, the carrier said.
SAIF said 50,690 policyholders will receive the dividend.
SAIF determines whether a policyholder dividend is appropriate based on capital levels, claim trends and the overall economic environment.
“Like all Oregon businesses, SAIF is cautious about current economic trends,” Chip Terhune, president and CEO of SAIF, said in a statement. “Howe...
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