Categorized | Featured Stories, Pinnacol

Colorado Senate President Shaffer Pans Pinnacol Separation Bid

The head of the Colorado Senate said Monday he does not want to privatize Pinnacol Assurance, a pronouncement that could dim prospects for the cash-strapped state to reap hundreds of millions of dollars by spinning off the workers’ compensation insurance fund, The Denver Post reports. “The Pinnacol transaction is not something we’re seriously looking at this year,” said Senate President Brandon Shaffer, D-Longmont. “I think it’s a bad deal on a variety of different levels, and I’m not willing to go forward with it.”

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