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April 14, 2006

Updated: Beacon board still mulling critical report

WARWICK -- Shortly before noon today, the board of Beacon Mutual Insurance Co. was still discussing an audit that criticized the company's business practices and prompted the governor to call for a "complete overhaul" of the company's management and board.

Board members began the meeting shortly after 9 a.m. at the company's headquarters here. Member Brendan Doherty said, "We'll be here all day."

Reporters do not have access to the meeting and are waiting outside, hoping for a statement from the board.

-- Journal staff reporter Lynn Arditi

Posted by Jack Perry  at 12:00 PM | Permalink

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