Board Approves Pinnacol Privatization Initiative

A ballot initiative proposing to privatize Pinnacol Assurance is poised to go before Colorado voters. The Colorado Title Board on Wednesday voted 2-1 to approve Initiative No. 249, according to a report by Colorado Politics, but opponents could still file an appeal. If approved by voters, the initiative would separate the quasi-public Pinnacol from the state, effective July 1, 2027. The bill would create a job training program — the Skilled Workers and Trades Fund — which would be funded by a one-time $150 million payment from Pinnacol, due June 30, 2027. All state premium taxes...