AGC, SAIF Returning $2.5M to Construction Contractors

Businesses that participate in the Associated General Contractors and SAIF Corp. joint workers’ compensation program will receive a $2.5 million retrospective premium return in August, the carrier said. The retrospective return amounts to 8.3% of premiums paid by 665 construction companies during the 2014-2015 policy year. SAIF said in a statement that the amount of the return is smaller than in previous years because of several serious injuries in the latest policy period.  The return in 2015 was 26.6% of premiums. In 2014, SAIF returned 30.5% of premiums collected through the j...