Quote of the day
“I think we are making good progress in changing the safety culture.
Laurence Hubbard, President and CEO, Montana State Fund
Oregon: SAIF to pay policyholders $160M in dividends
Oregon’s State Accident Insurance Fund has declared a $120 million primary dividend to be paid to policyholders based on their premium and a $40 million safety performance dividend to be paid based on each policyholder’s safety results. Checks are expected to be mailed in October to eligible employers. East Oregonian
Montana State Fund declares $30M dividend
Late last week Montana State Fund’s board of directors declared a $30 million dividend to its safest policyholders, to be paid by mid-November. The 2019 dividend follows back-to-back $40 million dividend declarations in 2017 and 2018, and brings the total paid to policyholders since 1999 to $286 million, officials said. Great Falls Tribune
Kentucky sees 14th straight year of decreased loss costs
For the 14th consecutive year, Kentucky’s annual workers’ compensation rate filing shows an overall decrease in loss costs. According to the loss costs figures submitted in the 2019 annual rate filing, there is an average reduction of 9 percent across the class codes used in the state. Lane Report
Michigan insurer seeks to recoup workers’ comp benefits from crane rental company
Hastings Mutual Insurance Co., a Hastings, Michigan property casualty insurer, is suing a Missouri crane rental company over injuries sustained in 2015 by a construction worker employed at an Illinois magnesium plant on grounds the crane company is liable for the cost of workers’ compensation benefits paid. Madison – St. Clair Record