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.
Brown & Brown Files Suit Over Alleged Howden Poaching of 200+ Employees 
Louvre Tightens Security After $102M Jewel Heist, Installs Bars on Infamous Window 
US P/C Posts $35B YTD Underwriting Gain; By-Line Premium Growth Revealed 
Grand Jury Declines to Indict Man in Fatal Shooting at Kentucky State University 
