Pinnacol Assurance, Colorado’s leading workers’ compensation insurer, is issuing its seventh consecutive general dividend. This year, $41 million …
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Pinnacol Assurance, Colorado’s leading workers’ compensation
insurer, is issuing its seventh consecutive general dividend. This
year, $41 million will be distributed to more than 50,000
qualifying businesses — nearly 85 percent of policyholders —
throughout the state.
The general dividend rewards Pinnacol policyholders who are
committed to workplace safety and effective claims management
practices. With the 2011 declaration, Pinnacol has returned more
than $435 million in general dividends to Colorado businesses since
In the Denver metro area, more than $18 million will be awarded
to businesses this year, bringing the seven-year total for the area
to more than $214 million. A total of $1.4 million will be funneled
to more 1,600 businesses in Douglas County.
“This dividend offers some relief to businesses that continue to
feel the pain of the slow economic recovery. We hope it will help
create more jobs and provide a boost to the state’s business
climate,” said Ken Ross, Pinnacol president and CEO.
This year’s dividend is based on policyholder performance
between June 2009 – June 2010. Dividend checks are calculated based
on the size of a policyholder’s annual premium compared with claims
Pinnacol’s policyholders represent the full spectrum of
Colorado’s industries, high-tech, transportation, and
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