Pinnacol Offers $200 Million To State For Greater Autonomy
The Denver Post:
The managers of Pinnacol Assurance have offered the state $200 million in exchange for greater autonomy in its workers' compensation insurance business.
The proposal comes as lawmakers are trying to craft a budget for the fiscal year that begins in July, a budget that already faces at least a $1.3 billion shortfall. The proceeds from "separating" the quasi-governmental workers' compensation insurance fund from the state could be used to help offset cuts to a variety of programs.