Pinnacol Drops Bid for Greater Autonomy

Pinnacol Assurance dropped its proposal for legislation to grant it greater autonomy from the state of Colorado after policyholders urged it to continue operating under current law, the Denver Post reported.Pinnacol in July had proposed paying taxes to the state in exchange for independence from the state, but the insurer dropped the idea after meeting with business groups, the Post reported. "We believe strongly that Pinnacol is not broken, so we're saying don't fix it," Ken Ross, Pinnacol's president and chief executive, said in the statement released Wednesday. "There's no n...