Pinnacol Assurance issues dividends | VailDaily.com

Pinnacol Assurance issues dividends

Daily staff report
newsroom@vaildaily.com
Vail, CO Colorado

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.