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 This material may not be published, broadcast, rewritten or redistributed.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 Colorado
Was this article valuable?
Here are more articles you may enjoy.
Homeowners Insurance Market Reaches ‘Fragmented Phase,’ Says S&P GMI 
11 New Firms Join Insurance Journal’s Top 100 Independent Agencies 
Should Parents Be Responsible for Kids Getting Hurt and Killed on E-Bikes? 
Thoma Bravo to Take Accelerant Private in $4 Billion Deal 
