Best's Review - Market repair: headed for a dead-end street, Massachusetts looks to change its auto insurance system.(Auto Insurance)

TRENTON An audit by the state Division of Criminal Justice has raised questions about $9 million of expenditures at the Trenton-based Office of the Insurance Fraud Prosecutor (OIFP). In a report issued July 15, investigators say they were unable to verify the validity of $8 million in OIFP salary charges because of poor record keeping. They also questioned another $1 million of salary and other costs charged to the OIFP program, which was created in 1998 to reduce auto-insurance fraud.

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In a response to the audit, the OIFP noted that accounting and cost-allocation systems used by the state differ from private-sector systems and are “difficult to document on a direct charge back basis.”
Copyright Snowden Publications, Inc. Jul 25, 2005
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