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.
Tag Archive | "Pinnacol"
HB10-1356: Pinnacol Assurance Reserve Cap, Dividend Rule Rejected
Posted on 06 April 2010.
Posted in Featured Stories, PinnacolComments (0)
Colorado Senate Panel Advances 5 Pinnacol Bills; Surveillance Measure Stalls
Posted on 01 April 2010.
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
Posted on 19 March 2010.
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
Posted on 09 March 2010.
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
Posted on 24 February 2010.
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
Posted on 24 February 2010.
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
Posted on 23 February 2010.
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
Posted on 16 February 2010.
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
Posted on 08 February 2010.
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
Posted on 06 February 2010.
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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