Categorized | Featured Stories, Pinnacol

Pinnacol Offers State $130 Million More to Privatize

Pinnacol Assurance, the state-chartered workers’ compensation insurance fund that wants to be privatized, said Thursday it’s willing to offer the state more money — $130 million more — to do that, The Denver Post reports. Pinnacol’s increased offer comes a week after the release of an analysis from financial-services firm Morgan Stanley that said the quasi-governmental agency was worth as much as $374 million to the state, nearly twice the amount Pinnacol had originally offered the state in exchange for almost full privatization.

Leave a Reply

You must be logged in to post a comment.