A spokesperson for Beacon Insurance said today that the Rhode Island workers' compensation insurer is “cooperating fully” with a grand jury investigation into the non-profit company's operations.
The company has been undergoing a variety of inquiries since January when a whistleblower blew the lid off a variety of questionable coverage arrangements involving businesses that had cozy relationships with Beacon management.
After what he termed “abuses” surfaced, Gov. Donald Carcieri got the company board to fire the insurer's chief executive officer Joseph Solomon and David Clark vice president of underwriting.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.