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.
Topics Legislation
Was this article valuable?
Here are more articles you may enjoy.
Pacific Life Seeks to Dismiss Kyle Busch’s $8.5M Lawsuit Over Insurance Policies 
Customers’ Search for Better Auto Rates Has UBI Heating Up 
New Exoskeleton System Said to Reduce Back and Strain Injuries by Almost Two-Thirds 
Navigators Can’t Parse ‘Additional Insured’ Policy Wording in Georgia Explosion Case 
