Colorado workers’ comp insurance law enacted 100 years ago
It was April 10, 1915, when Colorado enacted its very first workers’ compensation insurance law. The state legislature was in a generous mood that day, appropriating $23,000 to help injured workers get paid while they recovered. The State Compensation Insurance Fund was created that day; it later evolved into Pinnacol Assurance, the quasi-governmental insurer that serves more than half the businesses in the state. Gov. John Hickenlooper joined Pinnacol executives to mark the anniversary, noting that Colorado has the 11th-lowest workers’ comp insurance rate in the nation. That low insurance rate obviously helps businesses keep more profits in their…
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