Oct 16, 2009 9:34 AM by Associated Press
Colorado lawmakers are considering new laws requiring better oversight for the state's workers' compensation insurer, saying they can't ignore problems uncovered during weeks of hearings this summer.
Proposals being heard today include revamping Pinnacol Assurance's board for better oversight, increasing transparency and accountability, banning bonuses to Pinnacol employees that are based on the employees' denials of claims, and imposing stiff penalties for improper denials or delays in medical treatment.
Critics of the company say money kept as surpluses and spent on employee perks and entertainment could have been better spent to help injured workers whose claims were denied.
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