Pinnacol Assurance announced it is distributing general dividend checks to its customers totaling $70 million.
This is the fifth straight year Colorado’s largest workers’ compensation provider has distributed dividends.
Most (95%) of Pinnacol’s policyholders are eligible to receive a dividend, comprising more than 50,000 employers throughout the state.
The average dividend check will be $1,319. Checks started to be mailed beginning March 24, according to the company.
The general dividend is a portion of a mutual insurance company’s surplus returned to its customers. Pinnacol bases eligibility on commitment to safety with timely claims reporting and investments in safety education, technology and equipment.
Was this article valuable?
Here are more articles you may enjoy.