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 2026 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Topics Carriers
Was this article valuable?
Here are more articles you may enjoy.
Data Centers Offer a Potential $10 Billion Windfall for Insurers 
Albertsons Reaches $774 Million Opioid Accord, Records Loss 
IBM Agrees to Pay Government $17 Million in DEI Settlement 
Toilet Paper Warehouse in California Destroyed by Fire; Employee Arrested 
