Quote of the day
"I misled them ... You can characterize it as a lie if you wish."
Former Ohio BWC chief financial officer Terry Gasper, testifying for the prosecution in the criminal trial of two brokers, about his response to investigators seeking information about bribes paid for the agency's investment business
San Fernando Valley Flooring Firm Execs Plead Not Guilty
The president and vice president of a Chatsworth-based flooring company pleaded not guilty Monday to charges that they bilked the state’s workers’ compensation fund out of nearly $11 million in premiums. By AP via KCAL-TV (Los Angeles)
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Embarcadero Deal Closes, CRM Announces
CRM Holdings, Ltd. announces that, following the receipt of all necessary regulatory approvals and the satisfaction of all conditions contained in the stock purchase agreement with Embarcadero Insurance Holdings, CRM has completed the acquisition. Workers’ Comp Executive
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Rulemaking Agenda Poised to Change
Business, labor and public interest groups agree that the incoming Democratic House and Senate will conduct robust oversight of federal agencies and their regulatory output and policies. Business groups, especially, are wary of the shift. By Cindy Skrzycki, Bloomberg.com
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Witness Backs Up Testimony of Former BWC CFO
A Florida realtor corroborates former Ohio Bureau of Workers’ Compensation chief financial officer Terry Gasper’s testimony that two stockbrokers bought a Key West condominium for his exclusive use. Defense attorneys for the brokers are trying to portray Gasper as a liar trying to implicate their clients in return for a reduced sentence of his own. By Catherine Candisky, Columbus Dispatch
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Editorial: Oblivious to the Damage They Have Done
Some of those caught up in Ohio’s “Coingate” scandal still don’t seem to understand how deeply they betrayed the public or that what they did was criminal. This may be a case for “throw the book at ’em” sentencing. Wheeling (W.V.) Intelligencer
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James Hardie to Make First Asbestos Comp Payment in 2007
Australian building products company James Hardie announces that it expects to make the long-awaited first payment to its new asbestos compensation fund early next year. By AAP via Herald Sun
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Courtwatch: River Vessel Worker Seeks Damages in Federal Court
An injured worker sues American River Transportation Co. in federal court seeking damages in excess of $100,000 for allegedly violating the Jones Act by failing to provide a reasonably safe place to work or safe tools, assistance, supervision or training. By Steve Gonzalez, Madison – St. Clair (Ill.) Record
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