The head of Colorado’s state-chartered workers’ compensation insurance company is telling state lawmakers to leave his company alone.
Pinnacol Assurance President Ken Ross issued a statement Wednesday saying the company won’t propose any new legislation to a legislative committee that’s scrutinizing Pinnacol’s operations.
The committee meets again on Friday.
Ross says he met with business leaders and received strong support for leaving Pinnacol in its current form.
The company has come under fire this year for huge salaries and lavish entertainment.
Lawmakers said the spending may have come at the expense of injured workers who had their claims denied. They’re considering more state oversight or selling the company off.
Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Jerry says: 
Banks Still Face Legal Claims After $25 Billion Settlement
MF Global Judge to Examine Insurance Payments for Former Executives
Daredevil CEOs May Put Companies at Risk
California Independent Contractor Law May Be Liability for Agents, Brokers
North Carolina Continues Auto Regulation Debate As Rates Stay Same for 2012
Long-time California Lobbyist Looks to 2012 Legislation Affecting Insurance
Mine Safety Chief Seeks to End Complacency Over Safety
Virginia Court Grants Rehearing of Global Warming Claims Case
