Categorized | Featured Stories, Pinnacol

Privatization of Pinnacol Stalls

A group of lawmakers that heard six days of testimony about the practices of Pinnacol Assurance before this legislative session began oppose privatization of the workers’ compensation insurer. A letter to Gov. Bill Ritter from members of the joint committee obtained Tuesday by The Pueblo Chieftain cites testimony that spotlighted the company’s executive spending habits, reluctance to pay claimants and “lack of accountability and oversight” as reasons to abandon abandon ongoing discussions about privatizing the quasi-governmental insurer, presently under auspices of the state. Democratic Reps. Sal Pace, of Pueblo, Joe Miklosi, of Denver, and Su Ryden, of Aurora, and Sens. Morgan Carroll, of Aurora, Lois Tochtrop, of Thornton signed the letter.

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