Statement attributable to Ken Ross, president and CEO, Pinnacol Assurance concerning KMGH-TV CORA Request Hearing

DENVER, August 19, 2010 – Today, Pinnacol Assurance had the opportunity to present to the court the legal and factual reasons for our opposition to KMGH-TV’s request under the Colorado Open Records Act (CORA) for records concerning a private business incentive event.

Pinnacol believed this request was improper under Colorado law because it involved disclosing records that do not relate to any public function, and do not involve the expenditure of public funds. The request, in our view, improperly sought records that could harm Pinnacol’s competitive position and involve an improper intrusion into the privacy of individuals who attended the event. Our goal in filing this Application for Determination was to receive guidance from the court regarding how provisions of C.RS. 24-72-204(6) apply to Pinnacol. We believed having these issues decided by the court would be beneficial for our stakeholders and for the long-term stability of our business operations.

Based on Judge Morris B. Hoffman’s decision in favor of KMGH-TV’s request, we will be reviewing our options with legal counsel and the board of directors to determine our course of action.

About Pinnacol Assurance
Pinnacol Assurance is Colorado’s leading provider of workers’ compensation insurance. Pinnacol provides comprehensive, competitively priced coverage; immediate attention to claims; a highly qualified network of medical providers; and proactive safety programs to approximately 54,000 Colorado businesses. Over the past six years, Pinnacol has returned nearly $394 million in general dividends to its policyholders statewide ― a mark of the company’s stability and strong financial health.

Suzi Stolte
Associate Vice President, Communications and Public Relations