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 This material may not be published, broadcast, rewritten or redistributed.
Was this article valuable?
Here are more articles you may enjoy.
NOAA Risks Loss of Data Network and Web Service 
NJ Wildfire Update: 50% Contained; High Spread Risk Today; Suspect in Custody 
Marsh Sues Aon, Ex-Team Leader Over Exit of 20 Construction Surety Employees 
The Good and Bad About Being an Independent Insurance Agent From This Issue
