A Missouri Senate committee heard testimony Monday on whether a state-created company needs more oversight, or has even outlived its usefulness.
Missouri Employers Mutual Insurance Company was created nearly 20 years ago to help small businesses obtain workers’ compensation insurance. Forrest Miller of the Missouri Restaurant Insurance Trust, testified that the Trust he chairs is shutting down, and that the state-owned insurance company may be partially to blame.
The Missouri auditor and the state's Division of Finance have an agreement about access to records.
Auditor Tom Schweich had subpoenaed records from the Finance Division, saying he needs access to the documents to determine if bank regulators are doing their jobs properly. The Division of Finance responded that it was barred by law from complying and that workers could be dismissed or prosecuted for releasing documents.
Missouri Auditor Tom Schweich says he’s issuing a subpoena to the Finance Division of the State Department of Insurance, in order to force them to release records on banks, savings and loans, and other financial institutions across the state.
Finance Division officials have so far refused to release documents on their reviews of financial institutions, saying that state law bars them from doing so. But Schweich says the records are needed to see if banking regulators are doing their jobs properly.
Another auditor is criticizing Missouri Gov. Jay Nixon's administration for billing a state agency over travel costs.
The audit released Thursday by Republican Auditor Tom Schweich found $1,630 was charged to the Division of Workforce Development, in the Department of Economic Development. Nixon and a labor department official promoted a program administered by the workforce division. The audit said documents for the flight showed no division staff came along.