MSF Declares $35 Million Dividend

The board of directors for the Montana State Fund approved a $35 million dividend, the largest in the carrier's history. About 23,000 policyholders will be eligible for a share of the dividend, which Montana State Fund said is the equivalent of a 27% retrospective rate reduction. "The dividend returns a portion of premium back to those policyholders who have made a commitment to provide a safe workplace for their employees and in turn lower injury rates," MSF President and Chief Executive Officer Laurence Hubbard said in a statement.  Montana State Fund has issued dividen...