Tag Archive | "Pinnacol"

HB10-1356: Pinnacol Assurance Reserve Cap, Dividend Rule Rejected

Pinnacol Assurance, under intense scrutiny in the Colorado Legislature for the past year, caught its first break in a while Tuesday when a state House committee rejected a bill that would have capped the workers’-compensation insurer’s reserves and required it to pay excess revenues back to policyholders as dividend.

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Colorado Senate Panel Advances 5 Pinnacol Bills; Surveillance Measure Stalls

A quintet of bills aimed at making Colorado workers’-compensation insurer Pinnacol Assurance more accountable to the state and the public rolled on in the Legislature late Wednesday.

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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.

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Pinnacol Worth As Much as $374 Million to Colorado

Pinnacol Assurance is worth as much as $374 million to the state, an analysis by financial services firm Morgan Stanley shows.

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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.

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Post Raps Senate President Shaffer For His Anti-Deal Pinnacol Stance

It would seem the regrettable Pinnacol Follies have returned, the newspaper editorializes today.

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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.

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Pinnacol Offers $200M to Colo. in Return for Greater Autonomy

The proceeds from “separating” the quasi-governmental workers’ compensation insurance fund from the state could be used to help offset cuts to a variety of programs.

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State Takes First Step To Spin Off Workers Comp Insurer Pinnacol

Gov. Bill Ritter’s office is moving forward with a deal that would cut Pinnacol Assurance, the state-chartered worker’s compensation fund, free from almost all state control in exchange for a payment of hundreds of millions of dollars. READ THE AGREEMENT.

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HB10-1009: Pinnacol Resists Lawmaker Efforts to Increase Public Input

A controversial bill that aims to diversify and open up decision-making at Pinnacol Assurance, the impressively profitable quasi-governmental workers compensation insurance provider, passed out of the House Judicial Committee Friday on a mostly partisan vote.

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