A proposal to privatize the only state-chartered workers’ compensation company is getting a cool reception from a special panel reviewing the plan.
A straw poll of the task force on Tuesday showed more than half to be opposed or neutral. The panel included business associations, labor unions, non-profits and civic leaders.
Gov. John Hickenlooper has recommended that the state’s ownership stake in the state-created workers’ insurance company be increased by $10 million to $350 million. He also wants to create a $22 million fund for injured workers.
According to the Denver Post, the governor and Pinnacol argue the privatization deal would make it clear policy holders own Pinnacol’s assets.
Topics Workers' Compensation Colorado
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