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 This material may not be published, broadcast, rewritten or redistributed.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.
Viewpoint: Japan’s $550B Bet on America—What it Means for the US Insurance Market 
Florida Needs More – Much More – Wind Mitigation, Say Experts at OIR Summit 
AI for the Defense: Should Insurers or Law Firms Pay? 
State Farm Agrees to $15M Settlement for Underpaid Vehicle Claims 
