PORTLAND, Maine (AP) - A workers’ compensation insurer in Maine says more than 17,000 employers in the state will receive a record of $22 million in dividends this November.
The dividends are from The MEMIC Group, which says it’s the largest dividend in its 25-year history. The group’s board of directors authorized the dividend in late September.
The MEMIC Group says the dividends represent almost 15 percent of premiums paid for policies that were issued in 2015. It says checks as large as $290,000 will be delivered in November, based on the premium amounts employers paid in 2015.
The MEMIC Group says the money will be delivered in every county in the state. The dividends are contingent on safety results and other factors.
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