Pinnacol Assurance Issues $41 Million in General Dividends to Colorado Businesses

Policyholders Find Effective Claims Management and Workplace Safety Practices Pay


DENVER, May 9, 2011 – Pinnacol Assurance, Colorado’s leading workers’ compensation insurer, is issuing its seventh consecutive general dividend. This year, $41 million will be distributed to more than 50,000 qualifying businesses — nearly 85 percent of policyholders — throughout the state. The general dividend rewards Pinnacol policyholders who are committed to workplace safety and effective claims management practices. With the 2011 declaration, Pinnacol has returned more than $435 million in general dividends to Colorado businesses since 2005.

“Pinnacol’s ongoing financial stability and strength allow us to return money to our policyholders,” said Ken Ross, Pinnacol president and CEO. “This dividend offers some relief to businesses that continue to feel the pain of the slow economic recovery. We hope it will help create more jobs and provide a boost to the state’s business climate. We applaud our policyholders for their continued commitment to effective claims management and safety practices and thank them for their business and continued support.”

This year’s dividend is based on policyholder performance between June 2009 – June 2010. Dividend checks are calculated based on the size of a policyholder’s annual premium compared with claims costs.

Pinnacol’s policyholders represent the full spectrum of Colorado’s industries, including construction, manufacturing, high-tech, transportation, and agriculture.

Pinnacol provides a variety of free resources to help policyholders manage their workers’ compensation policies including a team of 27 loss prevention experts, experienced return-to-work specialists and nurse case managers, a fraud investigation unit and a wide range of training opportunities.

About Pinnacol Assurance
Pinnacol Assurance is Colorado’s leading provider of workers’ compensation insurance. Pinnacol provides comprehensive, competitively priced coverage; immediate attention to claims; a highly qualified network of medical providers; and proactive safety programs to approximately 55,000 Colorado businesses. Over the past six years, Pinnacol has returned nearly $394 million in general dividends to its policyholders statewide ― a mark of the company’s stable and strong financial health. Pinnacol’s employees are active in the community, with over 98 percent volunteering more than 5,800 hours in 2010.

Contact:
Ryan Grange
Cell: 720.289.3702
Office: 303.361.4751
ryan.grange@pinnacol.com