Quote of the day
"Too often do liberals claim that there is not enough money without a real examination of expenditures. I am disappointed that the audit focused only on the revenue generated by Missouri taxpayers, while ignoring the uncontrolled growth in costs and expenditures of the Second Injury Fund."
Missouri Gov. Matt Blunt, in an April statement criticizing a state audit of the Second Injury Fund; his administration released a report Wednesday that reaches many of the same conclusions
New Report on Missouri’s Second Injury Fund Reaches Similar Conclusions
Just a few months after criticizing the Missouri auditor’s analysis of the state’s Second Injury Fund, Gov. Matt Blunt’s administration releases a report that reaches many of the same conclusions—chiefly, that the fund cannot remain solvent without increasing costs for employers. Blunt and other Republicans previously had accused State Auditor Susan Montee, a Democrat whose husband is an applicants’ attorney, of ignoring the effect of increased payouts from the fund.
Go to the full story by Tim Hoover, Kansas City Star
Go to the full story in the Springfield Business Journal
Unapologetic Upshaw Says He’ll Tackle Disability System
National Football League Players’ Association Chief Gene Upshaw says he has been talking privately with league commissioner Roger Goodell about streamlining the league’s disability system, but has no regrets about harsh words he has exchanged with former players who believe he has not done enough for a system that many deem broken. By Jeff Barker, Baltimore Sun
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Beacon to Hand $7 Million Back to Policyholders
Beacon Mutual Insurance Co., Rhode Island’s dominant workers’ compensation insurer, agrees to pay a fine of $2.5 million and refund policyholders $7 million in connection with an investigation that found favoritism in pricing, lavish spending and disregard for the regulatory process, according to the Rhode Island Department of Business Regulation. Providence Journal
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NWCDC Headed for Windy City in November
The National Workers’ Compensation and Disability Conference & Expo kicks off on Tuesday, Nov. 6, 2007, in Chicago. Risk & Insurance
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Racing Official Wants to Resolve Jockey Strike over Coverage
Tasmania’s horse racing minister says a law change may not be required to grant jockeys, who have been on strike for two days, full workers’ compensation coverage. ABC Tasmania
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