Denver-based Pinnacol Assurance, a Colorado workers’ compensation insurer, announced it will issue a general dividend to its policyholders. In mid-May, enearly 56,000 eligible Colorado businesses will receive dividend checks totaling $60 million.
“Issuing a general dividend for the third straight year is a continuing sign of Pinnacol’s financial health and stability,” said Ken Ross, Pinnacol Assurance president and CEO. “We’re pleased to be in a position to return this money to our customers who fuel Colorado’s economy by reinvesting these funds in their businesses and their employees’ safety.”
The dividend rewards Pinnacol policyholders who have good safety records and low claims costs. Dividend checks are calculated based on the size of a policyholder’s annual premium compared to claims costs. The average 2007 dividend check will be about $1,100.
Source: PInnacol
Was this article valuable?
Here are more articles you may enjoy.
Renewals for Most Commercial Lines Decrease in May, Says Ivans 
NY Lawmakers Agree to Governor’s Auto Insurance Reforms in New Budget 
USI Insurance Services Claims Ex-Broker Poached Clients for Own New Agency 
Georgia Brokers and Agents Alarmed After Court Ruling Expands Liability for Them 
