Pinnacol Assurance, Colorado’s largest workers-compensation insurer, will cut premiums by an average of 3.2 percent in 2017 and likely will issue a $50 million dividend for policy holders, the company announced Monday.
The rate decrease by the state-chartered insurer is larger than the Colorado Division of Insurance’s recommendation for a 2.4 percent cut in premiums. It comes as a result of favorable claims trends and an improvement in Pinnacol’s financial performance.
“Being a good steward…
Pinnacol Assurance, Colorado’s largest workers-compensation insurer, will cut premiums by an average of 3.2 percent in 2017 and likely will issue a $50 million dividend for policy holders, the company announced Monday.
The rate decrease by the state-chartered insurer is larger than the Colorado Division of Insurance’s recommendation for a 2.4 percent cut in premiums. It comes as a result of favorable claims trends and an improvement in Pinnacol’s financial performance.
“Being a good steward…