A spokesperson for Beacon Insurance said today that the Rhode Island workers' compensation insurer is “cooperating fully” with a grand jury investigation into the non-profit company's operations.
The company has been undergoing a variety of inquiries since January when a whistleblower blew the lid off a variety of questionable coverage arrangements involving businesses that had cozy relationships with Beacon management.
After what he termed “abuses” surfaced, Gov. Donald Carcieri got the company board to fire the insurer's chief executive officer Joseph Solomon and David Clark vice president of underwriting.
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