The State of Rhode Island has won a $5 million insurance settlement to help resolve claims of waste and wrongdoing at the state landfill that auditors say cost taxpayers $75 million.
RSUI Indemnity Co. has agreed to pay $5 million under a directors and officers liability policy the company had issued to the Rhode Island Resource Recovery Corp.
The Providence Journal reports that the state is pursuing an additional $10 million in claims under two other insurance policies.
The audit concluded that Rhode Island’s trash agency was plagued for years by waste and mismanagement, flawed multimillion dollar construction projects, questionable land deals, cronyism, bogus workers’ compensation claims and phony overtime scams.
Was this article valuable?
Here are more articles you may enjoy.
Roblox Settles With States for $35.8 Million Over Child Safety 
LA Fire Suspect Angry About No Date for New Year’s, Prosecutors Say 
Bayer Gets Mixed Reception at Supreme Court on Roundup Suits 
Tesla Starts Production of Cybercab Robotaxi, Musk Says 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.