Colorado wants top executives at the state-chartered workers’ compensation insurance fund to waive big severance payments if the quasi-state agency is privatized. Gov. John Hickenlooper and Pinnacol Assurance are negotiating over a proposal to privatize the insurer. Past efforts to …
A proposal to privatize the state-chartered workers’ compensation insurer, Pinnacol Assurance, would give Colorado a $340 million ownership stake while restructuring it as a subsidiary of a mutual insurance holding company owned by policyholders. Pinnacol said Thursday its proposal would …
Colorado Gov. John Hickenlooper and the new chairman of Pinnacol Assurance are looking into changing terms of a $4.3 million severance package for top executives of the state-chartered insurer. Hickenlooper and chairman Blair Richardson confirmed attorneys are looking at the …
A Colorado legislator has proposed a bill to limit spending at state-chartered entities, like Pinnacol Assurance. Last year, the the quasi-governmental workers’ compensation insurer was criticized for lavish spending at a work-related event at Pebble Beach, Calif. The bill, House …
