Pinnacol Golf Junket Cost Over $300,000

Less than a year after a luxurious executive golf junket in California landed Pinnacol Assurance in hot water, details of that outing are emerging.KGMH reported on Thursday that the Pinnacol, a state-chartered insurance firm, spent $318,717 …

Less than a year after a luxurious executive golf junket in California landed Pinnacol Assurance in hot water, details of that outing are emerging.

KGMH reported on Thursday that the Pinnacol, a state-chartered insurance firm, spent $318,717 on an outing to California’s Pebble Beach Golf resort in February. Included in that price tag are $325 for pink golf balls, $39,659 in golf charges, and $7,649 for CEO Ken Ross’s hotel room.

As Colorado’s official unemployment insurer of last resort, Pinnacol is exempt from certain state taxes.

Read More…