MEMIC Announces $17M Dividend

The MEMIC Group, a workers’ compensation insurance specialty carrier headquartered in Maine, announced that its board of directors authorized a $17 million dividend. MEMIC Group President and CEO Michael P. Bourque credited employers with driving diving down the number, severity and cost of workplace injuries and making the dividend possible. “Ultimately, the money returned to our policyholders is a reminder that our safety partnership really does pay dividends for them,” he said in a statement. The 2022 dividend represents about 12% of premium paid by policyholders in 201...