DENVER — Colorado Governor John Hickenlooper recently delivered his second State of the State address, during which he briefly mentioned the prospect of separating Pinnacol Assurance from the state. Below is an excerpt of the relevant information from the text of the speech as prepared:
“As many of you know, we have been thoughtfully exploring the potential benefit to businesses, injured workers and the state of Colorado from the separation of Pinnacol Assurance from the state. Done properly, and with the support of policy holders, a restructuring of Pinnacol could provide Colorado with a security interest that has the potential of funding economic development and higher education scholarships.
We asked a diverse task force of civic leaders and stakeholders with expertise in workers compensation to review this proposal. We look forward to sharing our recommendation with you before we move forward with a specific legislative request.”
Source: CO Governor’s Office