NU Online News Service, April 15, 9:51 a.m. EDT
Despite objections by management of Pinnacol Assurance, Colorado's state-chartered workers' compensation insurer, a State House of Representatives committee yesterday narrowly approved a measure giving the state authority to tap the carrier's surplus to balance its budget.
The vote was 18 to 15 to release SB 281. Previously when the bill passed the Senate Pinnacol President and Chief Executive Ken Ross announced that he would campaign to defeat what he called an unconstitutional "raid" on the insurer's assets.
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