Saturday, May 13, 2006

W.Va. Nonprofit's Reimbursements 11 Times Higher Than Premiums

A Fairmont, W.Va. nonprofit group paid $47,334 in premiums to a state-run insurance agency over two years and was reimbursed more than 11 times that amount for three claims, state documents show.

The bulk of the reimbursements was $498,678 paid by the state Board of Risk and Insurance Management to the Vandalia Heritage Foundation for a fire at the B&O train station in Grafton, according to the state Auditors Office.

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