Colorado wants top executives at the state-chartered workers’ compensation insurance fund to waive big severance payments if the quasi-state agency is privatized.
Gov. John Hickenlooper and Pinnacol Assurance are negotiating over a proposal to privatize the insurer. Past efforts to strike a deal have failed in disputes over the company’s value.
According to the Denver Post the proposed deal calls for turning the insurer into a private mutual-assurance company, owned by its policyholders.
In exchange, the state would receive a 40 percent ownership stake in the new company.
Copyright 2025 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Topics Carriers
Was this article valuable?
Here are more articles you may enjoy.
‘Don’t Get in My Way,’ the New Acting Head of FEMA Warns Staff 
EPA to Rollback Limits on ‘Forever Chemicals’ in Drinking Water 
Bayer Seeks Roundup Settlement, Explores Monsanto Bankruptcy: Reports 
In Tesla’s Wake, More Big Companies Propose Voting ‘Dexit’ to Depart Delaware From This Issue
