The Colorado Independent,2020
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Democratic state Rep. Sal Pace's bill (pdf) seeking to rein in Pinnacol Assurance executive spending passed unanimously through the Republican-controlled House State Affairs committee last week. If that vote is any measure, the bill will pass into law in the next couple of months with little resistance. Indeed Pace's legislation will very likely gain more steam in April when a task force reviewing Pinnacol spending on travel for the last two years reports its findings. If what the public already knows about tax-exempt Pinnacol's executive travel habits is any measure, get ready for more bombshells from a Colorado battle-line in the lopsided contemporary American class war.
Denver Republican state Rep. Joe Miklosi has introduced legislation that seeks to change the make-up of the governing board of tax-exempt Pinnacol Assurance, the state's largest workers compensation insurer. The bill seeks to diversify the perspective of the quasi-governmental business to include injured workers and open the board's proceedings to greater public scrutiny. Miklosi is getting significant pushback from Pinnacol, which is most strongly opposed to the provision in the bill encouraging public comment on board deliberations.