Today’s edition of WorkCompRecap features some interesting dividend news as California State Fund has announced a $50 million dividend to qualifying policyholders in the form of a premium credit to be applied in the 2012 policy year. SCIF’s board recommended dividends this year after confirming that State Fund has adequate surplus, and is making good progress on its expense management and underwriting discipline. State Fund last declared a dividend 10 years ago in 2001, which was more than $92 million.
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