Content Tagged As workers_compensation

4 years 3 months ago

Colorado reaches agreement on worker's comp

The Colorado Division of Insurance has canceled a hearing with the state chartered worker's compensation company after reaching a settlement on rates. The Colorado Division of Insurance said Monday that Pinnacol Assurance has reached a tentative agreement on the state's four key concerns about rates. Pinnacol's board of directors...

4 years 7 months ago

Colorado lawmakers reviewing workers' comp

A Senate committee is holding hearings on plans to keep a tighter rein on Colorado's workers' compensation program. The Senate Judiciary Committee is hearing legislation Wednesday that would change the makeup of the board of directors, cap the company's surplus and limit surveillance. Lawmakers say the company needs tighter regulation...

4 years 9 months ago

Colorado Senate president opposes selling Pinnacol

The leader of the Colorado Senate says he's opposed to selling off a state-created workers' compensation insurer to help balance the budget. President Brandon Shaffer said Monday that he wouldn't authorize late legislation in the Senate to privatize Pinnacol Assurance. Pinnacol recently offered the state $200 million for greater autonomy....

4 years 10 months ago

Gov. Ritter studies worker comp insurer sale

Gov. Bill Ritter's chief counsel says the governor is meeting with an investment banker to study the possible sale of the state's interest in Pinnacol Assurance, a state-chartered workers compensation insurer. Chief counsel Trey Rogers said Wednesday that Ritter hasn't decided whether the state should sell its share but...

5 years 2 months ago

Workers' comp insurer defends record to lawmakers

Executives from Colorado's state-chartered workers' compensation insurance company are defending themselves against accusations of lavish spending, excess profits and paying bonuses to employees for denying claims. Executives told lawmakers Friday that it would be counterproductive for them to mistreat injured workers to increase profits. Pinnacol CEO Ken Ross says the...

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