Pinnacol in the news

The Denver Post and other media this morning report that Pinnacol has increased its offer to the state to $330 million, up from the original $200 million. $230 million would be paid over two years in $115 million annual lump sums and the remaining $100 million paid over 30 years at 11 percent interest.

In February Pinnacol offered the state $200 million in exchange for nearly full autonomy, and, as under the original offer, the new deal would still allow Pinnacol to keep its federal tax-exempt status, but the new proposal would require the insurer to pay taxes on all its premiums.


Read more: http://www.denverpost.com/news/ci_14707501#ixzz0id7wVTkO

What are your thoughts regarding Pinnacol's efforts to distance itself from the state?