money in hand

Nearly 5,000 El Paso County employers will receive about $5.9 million in dividends from Denver-based workers’ compensation insurer Pinnacol Assurance, the company said this week.

El Paso County employers get nearly $6 million in dividends from Pinnacol

Pinnacol paid $70 million to more than 50,000 policyholders, or about 95% of its customers, based on premium payments and workplace safety record, the firm said. Pinnacol is owned by its policyholders, so its profits are returned to customers in the form of dividends. The company has paid dividends to policyholders for five consecutive years, with those payments totaling nearly $750 million since 2005.

Wayne Heilman, The Gazette

Pinnacol cuts workers' compensation rates 10 percent

Contact Wayne Heilman 636-0234

Facebook www.facebook.com/wayne.heilman

Twitter twitter.com/wayneheilman

Load comments