New Mexico’s top insurance regulator says that an independent audit of unpaid insurance premium taxes shows far less money is owed to the state than previously thought. State Insurance Superintendent John Franchini said that a preliminary summary of the audit …
New Mexico’s state auditor is calling for a new audit into whether health-insurance companies have been underpaying the premium taxes they owe. The Albuquerque Journal reported that State Auditor Tim Keller asked that a new independent accounting firm should be …
New Mexico’s superintendent of insurance is saying an audit into his office’s failure to collect some $190 million in back taxes from insurers was based on incorrect data. The Santa Fe New Mexican reported that in a letter Tuesday to …
Last summer the Academy of Insurance held a live, in person class discussing the work comp premium audit. The Academy assembled a team of knowledgeable work comp audit professionals to offer advice on how to use the work comp audit …
A lack of adequate testing before the Minnesota’s health insurance exchange launched in 2013 and other issues meant the exchange’s “failures outweighed its achievements” in its first year, the legislative auditor concluded in a report released on Feb. 17. The …
Louisiana’s $75 million “Katrina cottages” program took years longer than expected to build homes for hurricane-displaced residents and paid significantly more per house than similar nonprofit programs, according to a recently released audit. The federally-funded, but state-run housing initiative had …
Illinois’ troubled system for compensating injured state workers hands out money too readily, sometimes without medical evidence to back up a claim and occasionally paying benefits the hurt employee didn’t even seek, according to an audit released on April 25. …
A new audit finds serious problems with the way Illinois awarded $7 billion in contracts last year for state employees’ health insurance. Auditor General William Holland said in a recently released report that Illinois awarded Blue Cross Blue Shield contracts …
Releasing an audit of a tax-exempt workers’ compensation insurer in Missouri, State Auditor Tom Schweich called for the legislature to investigate whether its tax-exempt status should be retained. Schweich released the audit of the Missouri Employers Mutual Insurance Co.(MEM) but …
State Controller John Chiang on Wednesday released his final review of the city of Montebello, alleging possible pension spiking, payroll errors, a loose petty cash drawer, and “systemic problems” in the Southern California city’s internal controls of its finances. “Lax …
