Pinnacol Board Asks State to Approve Restructuring Plan

By Greg Jones, Western Bureau ChiefFor the second time in as many years, Pinnacol Assurance is asking the state of Colorado to approve a plan that would allow it to break ties with the state and operate as an independent entity.The board of directors for the state-chartered carrier of last resort voted on Wednesday to approve a restructuring plan assembled in response to a request from Gov. John Hickenlooper that Pinnacol examine its operations and explore options for the future. The board submitted a proposal to the governor on Thursday that would initially convert the carrier to a mutual ins...