State Fund Declares $105 Million Dividend

State Compensation Insurance Fund announced a $105 million dividend for up to 75,000 businesses with policies in effect between January and Aug. 19. “This dividend equals approximately 15% of the estimated annual premium reported in State Fund’s midyear 2019 financial statement and averages out to approximately $1,400 per employer,” the carrier said in a statement. As of July 2019, State Fund reports more than $662.5 million in premiums and more than $78.6 million in capital gains. The carrier also said it implemented several initiatives that improved claims outcomes f...