Colorado workers’ compensation insurer Pinnacol Assurance is distributing $50 million in dividend checks this month to its policyholders.
More than 53,000 employers throughout the state — roughly 94.2 percent of the company’s policyholders — will receive a dividend in recognition of maintaining safe workplaces.
Dividend checks are calculated based on the policyholder’s premium size and performance. The average 2017 dividend check will be $941. Checks will be delivered to employers in March and April.
This is the second consecutive year Pinnacol has issued a general dividend. With the 2017 declaration, Pinnacol has now returned $556 million in total general dividends to Colorado employers.
“This dividend is possible because of our policyholders’ commitment to the safety and well-being of their employees, Pinnacol’s financial stability and strength, and a vibrant Colorado economy,” Phil Kalin, Pinnacol president and CEO, said in a statement.
Topics Workers' Compensation Commercial Lines Business Insurance
Was this article valuable?
Here are more articles you may enjoy.
State Farm Sued Over Policies Backed by Distressed Insurer PHL 
Florida Jury Returns $779M Verdict for Family of Security Guard Killed at Gambling Cafe 
Trump to Issue Order Creating National AI Rule 
Dunkin’ Cashier in Georgia, Stabbed by Rapper, Can’t Claim More Than Workers’ Comp 
