Pinnacol Assurance Issues $70M in Dividends

Colorado's state-chartered workers’ compensation insurer Pinnacol Assurance is distributing $70 million in general dividend checks to its customers. More than 52,000 employers throughout the state — about 94% of the company’s customers — will receive a dividend, the company announced on Monday. Check amounts are based on the customer’s premium size and workplace safety. The average 2019 dividend check will be $1,328 and will be sent in late March. This is the fourth year in a row that Pinnacol has issued general dividend checks. Pinnacol also recently lower...