State Fund Extends Midyear Dividend to All 2020 Policyholders

State Compensation Insurance Fund announced Monday that it will extend its midyear dividend to all 2020 policyholders. State Fund said it will distribute about $39 million to policyholders with policies that took effect between Aug. 27 and Dec. 31, according to a news release. The payout is about 10% of the estimated annual premium reported during those months. In August, the carrier announced a 10% midyear dividend for policies enacted between Jan. 1 and Aug. 26.  State Fund said its distribution for all of 2020 was approximately $114 million. The carrier reported more than $1 billio...