Pinnacol Announces $15M Dividend

Colorado’s largest workers’ compensation carrier, Pinnacol Assurance, recently issued a general dividend of $15 million. The carrier said this is its eighth consecutive dividend and brings the total returned to policyholders over that period to $385 million. Businesses with a policy that expired between June 2, 2021, and June 1, 2022, and whose accounts are up to date will be eligible for the dividend if they have a loss ratio better than 71.3%. Pinnacol Assurance operates as a mutual insurer, which makes policyholders eligible for an annual dividend based on the carrier’s...