BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Pinnacol distributes $50M in dividends


For the sixth consecutive year, Colorado workers compensation insurer Pinnacol announced it is distributing general dividend checks to 53,000 customers, totaling $50 million. 

Ninety-five percent of Pinnacol’s policyholders are eligible to receive a dividend, receiving an average dividend of $949 in 2021, according to an announcement issued Monday.

“During this year when Colorado businesses and their employees are facing significant financial hardships, we’re glad to be in a position to return some money to our policyholders,” Pinnacol’s president and CEO Phil Kalin said in a statement. “We’re also pleased that we have been able to reduce our customers’ rates by more than 32% since 2016.”     

Counting this year’s distribution, Pinnacol has returned $320 million in total dividends to Colorado’s business community since 2016, which equals approximately 10% of premium, according to the announcement. In 2020, Pinnacol distributed $70 million in dividends to its customers during the coronavirus lockdown.







Read Next