Colorado’s state-chartered worker compensation insurer has offered the state $200 million for greater autonomy.
In exchange, Pinnacol Assurance would remain the state’s workers’ compensation insurer of last resort and keep its tax-exempt status.
The company assets have been valued at $2 billion. Any deal would need legislative approval.
Sen. Lois Tochtrop, a Democrat from Thornton, said she believes the offer was “laughable.”
Lawmakers say they’re concerned about the potential effects on workers and employers by taking the insurance fund out from under state oversight.
Copyright 2026 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Topics Workers' Compensation
Was this article valuable?
Here are more articles you may enjoy.
Fund Trying to Turn New Mexico Desert into an Advanced Tech Hub 
Kyle Busch and Wife Settle Lawsuit With Pacific Life and Insurance Agent 
Indiana Church Not Owed Replacement-Cost Payment for Fire Damage 
Prices for New Cars Have Soared. Here’s One Big Reason Why 
