Workers’ comp insurer distributes $50 million in dividends

John O’Donnell

Pinnacol Assurance will distribute a total of $50 million in general dividend checks while also lowering its premiums for workers compensation insurance an average of
11 percent.

“When our customers speak to us, we listen,” said John O’Donnell, president and chief executive officer of Pinnacol Assurance. “Our customers told us they wanted lower rates on the front end while still having the opportunity for a dividend, and we’re doing just that. When we partner with our customers to create safer work environments, we are happy to pass the savings on to them.”

Nearly 95 percent of Pinnacol Assurance policyholders are eligible to receive dividends — an average of $974.  Dividends are based on the financial performance of Pinnacol as well as customers’ commitment to safety with timely claims reporting and investments in safety education, equipment and technology.

For more information about Pinnacol Assurance, visit the website at www.pinnacol.com.