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Pinnacol decreases rates and announces intent to pay a general dividend in 2017

Pinnacol Assurance’s Board of Directors has approved a decrease in workers’ compensation rates that will average -3.2 percent for the insurer’s 55,000-plus Colorado policyholders. This decrease surpasses the Colorado Division of Insurance’s recommendation of a -2.4 percent change, and will become effective Jan. 1, 2017. The board also announced its intent to issue a general divided of approximately $50 million to policyholders in 2017.
“Being a good steward of our policyholders’ premiums includes giving back when we’ve been successful,” said Phil Kalin, Pinnacol’s President and CEO. “Putting money back in Colorado employers’ pockets through a rate decrease and general dividend is one way for us to help them succeed and to keep the state’s economy strong.”
We calculate our rates to be competitive for our customers, as well as sufficient to ensure our ability to pay claims that may last for decades. The 2017 decrease is a result of steady improvement in our financial performance, favorable claims trends and a strong Colorado economy.
The general dividend is a portion of Pinnacol’s capital paid to policyholders who earn it through their commitment to workplace safety and controlling claims costs, and as a result of favorable market conditions. We’re happy to report that, barring a significant and unexpected financial loss in the fourth quarter of 2016, the dividend will amount to approximately $50 million, significantly more than the $30 million distributed last year. The dividend will be distributed by the end of April 2017, with the exact amount to be set in February 2017.
For more information about the general dividend, visit the Dividend Information section of or contact your Pinnacol underwriter or agency relationship manager.

Risk & Insurance publishes a Colorado study connecting workers' comp claims with stress

It turns out that stress management could prevent injuries and save you money

If you’re looking for a way to reduce workers’ compensation claims, you should consider turning to stress management. Research by the Center for Health, Work & Environment at the Colorado School of Public Health links workplace accidents with stress. The study, which analyzed 314 organizations and nearly 17,000 employees, found that stress was the only health risk factor to show a consistent relationship with claims occurrence and cost when demographics and other workplace variables such as employment type, occupation, income and company size were considered.

Pinnacol’s director of worksite wellness, Karen Curran, comments on the study, identifying ways employers with limited resources can help employees manage stress. She recommends a holistic approach to work safety, otherwise known as total worker health. She also highlights ways to meet some of the challenges employers may face as they use stress management to keep employees safe and healthy.

The Pinnacol Blog: How to kick the habit that inihibits recovery and a return to work

Pinnacol's Worksite Wellness Program helps employers curb tobacco use, reduce costs and boost productivity

Did you know that today is the American Cancer Society’s Great American Smokeout? In the spirit of this annual event meant to give tobacco users support to begin a tobacco-free life, we’re sitting down with Claire Brockbank, a nationally renowned health care consultant. She discusses the impacts of tobacco use on workers' compensation and employee health... and what to do about it.

Read more.

Amendment 69 rejected by Colorado voters

Over the past few months, Pinnacol has shared with you the ways Amendment 69, the single-payer health care initiative dubbed ColoradoCare, would negatively impact the state’s workers’ comp system, employers and injured workers.

Amendment 69 was defeated resoundingly on Election Day, with 80 percent of Coloradans voting against it. We are pleased that Colorado voters saw the defects in ColoradoCare and rejected it at the ballot box. More than that, we are relieved that Colorado’s stable and successful workers’ compensation system is left unharmed. We hope that the decisive loss will prevent the issue from reemerging in coming years.

While we’re moving on from this issue, we’re not getting complacent. Colorado’s 2017 legislative session is just six weeks away, and we will continue to monitor proposals that would impact the quality and cost of your workers’ comp coverage.

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Pinnacol Assurance · 7501 E. Lowry Blvd · Denver, CO 80230 · USA