Board Pulls Authorization for Pinnacol Privatization Initiative

Colorado officials pulled their approval for a ballot initiative to convert Pinnacol Assurance into a private, mutual carrier after finding the proposal violates the requirement that statutory propositions be limited to a single subject. The Colorado Title Board in February approved proposed initiative No. 218. The board on March 4 voted 2-1 to find that it lacks jurisdiction because the measure addresses multiple subjects. The board is set to review another privatization proposal later this month. The rejected initiative, submitted by a business coalition called Colorado Succeeds, would hav...