Pinnacol Assurance issues dividends
May 9, 2011
EAGLE COUNTY, Colorado – Pinnacol Assurance, a workers’ compensation insurer, is issuing its seventh consecutive general dividend.
This year, $41 million will be distributed to more than 50,000 businesses – nearly 85 percent of policyholders – throughout the state. Pinnacol has returned more than $435 million in general dividends to Colorado businesses since 2005.
In Eagle County, more than $1.2 million will be awarded to businesses this year, bringing the seven-year total for the area to more than $13 million.
This year’s dividend is based on policyholder performance between June 2009 and June 2010. Dividend checks are calculated based on the size of a policyholder’s annual premium compared with claims costs.