For the ninth year in a row, SAIF declares a substantial dividend for policyholders.
posted September 12, 2018
Today the SAIF board of directors declared two dividends for customers: a $120 million primary dividend to be paid to SAIF’s policyholders, and a $40 million safety performance dividend to be paid based on each policyholder’s safety results.
“We’re a not-for-profit insurance company. That means when we have a good year, we’re able to return premium directly to our customers in the form of a dividend,” said President and CEO Kerry Barnett. “We also want to give special recognition to customers with… Read more »
Salem, OR—Oregon employers next year, on average, will pay $1.12 per $100 of payroll for workers’ compensation insurance, down from $1.23 in 2018, under a proposal by the Oregon Department of Consumer and Business Services (DCBS). That figure covers workers’ compensation claims costs, assessments, and insurer profit and expenses.
This will mark the sixth year in a row that businesses will experience an average decrease in their workers’ compensation costs. Those costs have steadily declined over the years – even as workers continue to receive strong benefits – because of Oregon’s long-running success in managing the workers’ compensation system…. Read more »
AGC/SAIF workers’ comp participants to receive $7.9M retro return
The Associated General Contractors Oregon-Columbia Chapter (AGC) and SAIF announced today a $7,876,242 retrospective return for the 638 companies who participated in the AGC/SAIF group workers’ compensation program during 2016-2017. This represents a 22.2 percent return of paid premiums during the policy year.
Increased construction activity and a continued shortage of qualified workers have presented unique challenges this year, making these results more significant. The actual total payout to participants will surpass $9.3 million after the Department of Consumer and Business Services (DCBS) and non-disabling claim reimbursement adjustments are made. Individual… Read more »