There is a lawsuit and investigation going on at New Mexico’s Office of the Superintendent of Insurance. The state is spending nearly half a million dollars of your money investigating what they call “potential irregularities” in New Mexico’s insurance fraud fund. But, rather than investigating companies for alleged fraud they are investigating internally.
They are looking into how the money that funds the investigations is being collected and spent.
“It’s ironic in this case that an agency that’s tasked with investigating fraud is itself being accused of fraud,”
RGF president Paul Gessing had the opportunity to discuss a bit about the OSI and how it is funded as part of the story. Check out the story here or below:
