There has been a lot of news recently about the Worker’s Comp industry in Colorado, specifically regarding Pinnacol Assurance and its 300k+ employee vacation spending. Kevin Krupka, President of Mountain Insurance Brokers, was recently quoted in workcompcentral stating: “While Republicans have argued that Pinnacol benefits small businesses by paying dividends to policyholders and taking advantage of its reserves to keep premiums down, it has come at the cost of keeping other carriers out of the state. Pinnacol Assurance paid $48 million in dividends to 52,000 policyholders in May. Some major national carriers aren’t interested in writing policies in Colorado because they can’t match the rates Pinnacol is able to offer. If more real competition were allowed, that alone would benefit businesses.”
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