SCIF Declares $75M Midyear Dividend

State Compensation Insurance Fund on Monday announced a midyear dividend that will return $75 million to California employers with policies that took effect between Jan. 1 and Aug. 26. The dividend equals about 10% of the estimated annual premium reported during that period, the carrier said. State Fund reported about $700 million in estimated annual premium and $60 million in realized capital gains through July. Policyholders who are eligible for a dividend will receive their payment after the expiration date of their policies. State Fund said its board of directors will consider dividends...