Colorado workers’ compensation insurer Pinnacol Assurance is distributing $50 million in dividend checks 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 were being 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.
Florida Mobile Home Insurance Market Still Struggling With Premiums, Coverage 
Mustard Maker Caught Pumping Pollutants Into River for Years and Lying About It 
Convicted Insurance Mogul Lindberg Should Pay $1.6B Restitution to Companies 
Verisk: Insurance Claims Volume Fell to 5-Year Low in 2025 From This Issue
