Pinnacol to issue $50 million in dividend checksPosted On: Mar. 22, 2018 11:27 AM CST
Colorado businesses covered by state-chartered workers compensation insurer Pinnacol Assurance will receive a share of a $50 million dividend by the end of March.
Ninety-four percent of Pinnacol policyholders qualify for a check, accounting for nearly 53,000 Colorado employers, and the average check per policyholder is $944, Pinnacol said Tuesday in a statement.
“Pinnacol is in a position to provide these dividends because of our careful stewardship of our customers’ premium dollars, as well as our customers’ commitment to their employees’ health and safety,” Phil Kalin, Denver-based Pinnacol president and CEO, said in a statement.