Pinnacol Assurance Receives A- Rating from A.M. Best
Following its dramatic improvement in financial performance since 2013, 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. This is the first time Pinnacol has been rated by A.M. Best.
Pinnacol partners with the Longmont Area Chamber of Commerce to offer a safety group program for Chamber-member Pinnacol policyholders. The group strives to maintain a low loss ratio and in doing so is able to offer dividends to the group policyholders in years when the group performs well. For more information on the safety program, contact Kathy Stevens at firstname.lastname@example.org.
Pinnacol received the rating as a result of its appropriate surplus level, substantially improved underwriting and operating performance, and leading position in the Colorado workers’ compensation market. A.M. Best also recognized Pinnacol’s effective claims management and loss control services, and its local expertise.
“This rating is a testament to our financial strength and the diligence of our employees,” said Phil Kalin, Pinnacol’s president and CEO. “It’s a statement to our policyholders and injured workers that we are positioned to fulfill our commitments to them for the long haul.”
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 over 56,000 Colorado businesses. Annually, Pinnacol supports $364 million of Colorado’s economic activity, spends over 35,000 hours keeping Colorado worksites safe and provides compassionate care to over 40,000 Coloradans who were injured on the job. For more information, visit www.pinnacol.com.