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« Carcieri outlines 'Big Audit' savings | Today | Rain forecast postpones downcity winter fest skating events » February 16, 2006Beacon hiring Giuliani's firm to review allegationsThe firm of former New York City Mayor Rudolph W. Giuliani is being hired by the Beacon Mutual Insurance Co. to conduct a review of recent allegations against the insurer. Giuliani Partners, the prospective presidential candidate's high-flying consulting firm, was introduced today by former Rhode Island Gov. Lincoln C. Almond, the head of an independent committee that Beacon has asked to oversee the review. The review of Rhode Island's dominant workers' compensation insurer will be overseen by Pasquale J. D'Amuro, a former FBI counterterrorism expert who led the investigation of the Sept. 11, 2001, terrorist attacks. D'Amuro heads Giuliani Safety & Security, the division of the New York-based consulting firm that will conduct the review. -- Journal staff writer Mike Stanton "Giuliani Partners is the best financial and management review firm in the country, and we are pleased to have them on board to help us check into recent allegations made against Beacon,'' said Almond in a statement. Beacon said in a statement that Giuliani's firm will create a hotline for policyholders to "voice concerns and share information'' and have "full access'' to Beacon records and personnel to allow for "a thorough and comprehensive review.'' Its final report will be turned over to the Almond committee, which will report its findings "directly to the public,'' Beacon says. Beacon is hiring Giuliani's firm despite objections from Governor Carcieri and his top business regulator, who call it is a waste of Beacon policyholders' money that will duplicate a planned forensic audit by the state. Carcieri has threatened action to block Beacon from paying Giuliani's firm and an outside public-relations firm, the RDW Group. -- Journal staff writer Mike Stanton Posted by Andrea Panciera CommentsThis is so interesting.....it's been heard how Beacon spends $200K for their big golf outing each year in Massachusetts...why Mass? Why not our state? I'm sure the frivolous spending isn't just limited to that....it's been rumoured there are lots of perks in that company that would be shocking to the public! Posted by: jane doe at February 16, 2006 06:28 PM |
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