Content Tagged As pinnacol

3 years 10 months ago

Colorado reaches agreement on worker's comp

The Colorado Division of Insurance has canceled a hearing with the state chartered worker's compensation company after reaching a settlement on rates. The Colorado Division of Insurance said Monday that Pinnacol Assurance has reached a tentative agreement on the state's four key concerns about rates. Pinnacol's board of directors...

4 years 4 months ago

Colorado workers' comp company increases offer

The state-chartered workers' compensation insurance fund that wants to be privatized has increased its offer to the state. Pinnacol Assurance President Ken Ross said Thursday the company is offering $330 million to the state so it can go private. That's $130 million more than it offered earlier for a buyout....

4 years 4 months ago

Colorado Senate president opposes selling Pinnacol

The leader of the Colorado Senate says he's opposed to selling off a state-created workers' compensation insurer to help balance the budget. President Brandon Shaffer said Monday that he wouldn't authorize late legislation in the Senate to privatize Pinnacol Assurance. Pinnacol recently offered the state $200 million for greater autonomy....

4 years 6 months ago

Gov. Ritter studies worker comp insurer sale

Gov. Bill Ritter's chief counsel says the governor is meeting with an investment banker to study the possible sale of the state's interest in Pinnacol Assurance, a state-chartered workers compensation insurer. Chief counsel Trey Rogers said Wednesday that Ritter hasn't decided whether the state should sell its share but...

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