SAIF Declares $50M Dividend

The board of directors for Oregon work comp carrier SAIF Corp. declared a $50 million dividend. The carrier said more than 50,000 policyholders will receive the dividend, which will be calculated based on the premium for policies that ended in 2024.  “This year, we carefully considered the current economic uncertainty and the rising trends we see in medical costs," Chip Terhune, president and CEO of SAIF, said in a statement. "Despite those challenges, SAIF’s strong fiscal position, effective claims handling and proactive safety programs make this year’s...