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MEMIC returns $18 million to policyholders

Por: Portland Press Herald Nation October 12, 2023

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MEMIC, the Portland provider of workers compensation insurance to businesses across the country, is returning $18 million in dividends to thousands of policyholders. The dividend represents about 12% of the premiums paid by policyholders in 2020, the company said in a statement. Dividend payments lag by a few years because the insurer needs to complete claims filed each year before it can calculate its liabilities and determine dividends. “Our... + full article



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