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April 14, 2006

Beacon board to hold press conference at 6 p.m.

WARWICK -- Leaders of the embattled Beacon Mutual Insurance Co. will hold a press conference today at 6 p.m.

Beacon's board has been meeting behind closed doors since around 9 a.m. at the company's headquarters here. The board has been discussing a recently-released report, commissioned by the board, that sharply criticized the company's business practices.

Beacon, created by the General Assembly, is responsible for providing workers' compensation insurance at the lowest cost possible.

Governor Carcieri yesterday called for a "complete overhaul" of the company's management and board.

Posted by Steve Peoples  at 5:33 PM | Permalink

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