SAIF Announces $7.6M Payout for AGC Retro Program

SAIF Corp. announced a payout of more than $7.6 million for the 641 companies that participated in the group workers’ compensation program it runs with the Associated General Contractors of Oregon-Columbia Chapter. The payment includes a $4.44 million retrospective return that represents a 12.8% return of premiums paid during the 2017-2018 policy year. It also includes adjustments from the Department of Consumer and Business Services assessment and non-disabling claim reimbursements. “These are remarkable results for any industry, but particularly in the construction industry, wh...