A.M. Best Affirms Pinnacol’s A- Rating
DENVER, March 12, 2018 – For the third year in a row, Pinnacol Assurance, Colorado’s leading workers’ compensation insurer, has received an A- (Excellent) rating with a stable outlook from the global credit rating agency A.M. Best.
Pinnacol received the rating as a result of its strong financial footing, solid underwriting and operating performance, and leading position in the Colorado workers’ compensation market. A.M. Best also recognized Cake, Pinnacol’s new digital platform for small businesses that come to Pinnacol directly.
“In an increasingly competitive marketplace, we’ve been laser focused on improving our customers’ experience and controlling costs,” said Phil Kalin, Pinnacol president and CEO. “This year, our efforts are helping put $50 million of policyholder dividends back into the Colorado economy and decrease rates by an average of 7.4 percent. Our A. M. Best rating is one more sign that our efforts are producing results, and our customers are benefiting.”