Colorado bill proposes privatizing Pinnacol Assurance
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Colorado lawmakers on Friday introduced a bill to privatize state-chartered Pinnacol Assurance.
Republican-backed bill H.B. 1213 would convert Pinnacol from a political subdivision of the state to a stock insurance company owned by a mutual insurance holding company.
The bill would also remove Pinnacol workers from the state’s pension system.
Proposals to privatize the Pinnacol have been filed in the past, including a push in 2012 led by then-Gov. John Hickenlooper.
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