Pinnacol CEO resigns, board to ‘firm up’ relationship with lawmakers
Pinnacol Board of Directors Vice Chairman John Plotkin says he and CEO Ken Ross came to a mutual decision that now is a good time for Ross to resign from the workman’s compensation company, the Denver Business Journal reports. Plotkin also says the company, a quasi-governmental agency, seeks to improve its strained relationship with lawmakers [...]
Two Colorado Springs companies were honored by Pinnacol Assurance for their safety records. Mech One Inc., a five-year award winner, and Copestone General Contractors were two of 50 awards given earlier this month. It’s the first time Copestone received the award. “These are Colorado organizations that have embraced the concept of safe workplaces, and then [...]
Continue reading …The only state-chartered workers’ compensation company is coming under fire over advertising that promotes the benefits of privatizing the company. Business groups say Pinnacol’s present quasi-governmental status seems to work well, and it is unclear that privatization would help them. Officials at Pinnacol Assurance say they only promised they wouldn’t lobby members of a task [...]
Continue reading …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. The proposed deal calls [...]
Continue reading …Pinnacol Assurance, Colorado’s largest workers’ compensation insurer has been recognized nationally as one of the top employers in the United States for older workers. Pinnacol placed 15th on the list of 50 companies, and is the only Colorado company to be recognized. “Having workers over 50 is a tremendous benefit to the company,” said Ken [...]
Continue reading …The General Assembly is considering a bill that will remove the tax-exempt status of Pinnacol Assurance, the state’s quasi-governmental workers’ compensation insurance fund. The Joint Committee, which decides all budget issues for the legislature, unanimously approved the idea as part of its budget recommendations to Gov. John Hickenlooper. The move follows reports that detail lavish [...]
Continue reading …The Colorado Division of Insurance has cancelled a public hearing against Pinnacol Assurance that was scheduled for Wednesday. The division and Pinnacol have reached a tentative agreement on the problems and Pinnacol’s board of directors will vote on the settlement tomorrow. The hearing – the first time the division has taken the step in a [...]
Continue reading …Pinnacol Assurance, the state’s workers’ compensation insurance company, is the subject of an independent hearing at the Division of Insurance this week. The division claims that Pinnacol failed to show that its rates are not excessive, inadequate or unfairly discriminatory. The hearing came on the heels of financial audits requested by the legislature in 2009. [...]
Continue reading …Colorado worker’s compensation insurer Pinnacol Assurance is issuing its sixth consecutive general dividend. This year, $47.5 million will be distributed to more than 52,000 qualifying businesses — roughly 86 percent of policyholders — throughout the state. With the 2010 declaration, Pinnacol has now returned nearly $400 million in general dividends to Colorado businesses. The average [...]
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