Workers’ comp insurer to pay out $22M in dividends to Maine companies
"This money will be delivered to employers in all 16 counties and will help boost the
Because MEMIC is a mutual insurance company, eligible policyholders share in its financial success in the form of dividend payments. The dividend is contingent on safety results, effective injury management and efficient company management, he said. It also depends on how well MEMIC's investments and the bond market perform.
The dividend amount is based on premiums employers paid for policies issued in 2015. Checks as large as
With the new dividend, MEMIC will have returned more than
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