MSF to pay $10 million to customers

| November 25, 2012 11:22 AM

More than 23,800 qualifying policyholders will receive a part of a $10 million dividend from Montana State Fund.

The MSF board of directors authorized the dividend at its Nov. 16 board meeting. This is the 14 consecutive year MSF has rewarded customers with superior safety records.

This $10 million dividend ranks as one of the highest amounts MSF has ever distributed to their customers.

“We are so pleased to be able reward our policyholders who make safety a priority for their employees,” said Laurence Hubbard, President/CEO of Montana State Fund.

“Our staff has worked hard to focus their energy on helping businesses reduce workplace injuries. In turn the dividend sends a powerful safety message to our employers that the longer you provide your employees with a safer workplace and avoid injuries, you not only have a healthier workforce you are ultimately paying lower premium costs because your accidents are down.”

Hubbard added: “As a financially sound organization, we are able to return equity in the form of dividends to qualifying Montana employers beyond what is needed for prudent business operations. While we cannot guarantee dividends into the future, we believe that continued strong performance supports our ability to share positive results with policyholders.”

In addition businesses are encouraged to take advantage of Montana State Fund’s safety education and services available through safety consultations, free safety workshops, our stay at work/return to work programs and MSF’s safety focused website www.safemt.com.

Since 1999, Montana State Fund has retuned $74 million to customers in general dividend payments as a reward for workplace safety. Policyholders from July 1, 2009 - June 30, 2010 who meet the criteria for a dividend, will be notified by mail in mid-December. Funds will be distributed by early January.

Montana State Fund provides workers’ compensation coverage to over 26,000 employers in the state, making it the largest workers’ compensation insurance company in Montana.