Colorado’s Pinnacol Denies Need for Change

September 18, 2009

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 Colorado

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