In industry news:

Colorado’s state-chartered workers’ compensation insurer, Pinnacol Assurance, has released proposed language for legislation that would allow the company to sell comp policies outside the state. Pinnacol said in December that it planned to submit a proposal in early 2016 that would form a yet-to-be-named for-profit subsidiary to sell workers’ comp coverage in other states. The plan would not privatize Pinnacol, which is the workers’ comp insurer of last resort for Colorado and is classified as a state “political subdivision.” While Pinnacol tried and failed to privatize in 2012, the insurer reiterated that it is not seeking to privatize under the new proposed bill language.

Read more via Business Insurance here.

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