Missouri Employees Mutual Insurance Co.

(via Flickr/s_falkow)

Updated at 9:10 p.m. and bumped up for visibility

Roger Wilson pleaded guilty late Thursday afternoon to a single count of misappropriation from an insurance company. His sentencing is set for July 9 at 1:30 p.m.

Our earlier story:

The former head of the Missouri Employers Mutual Insurance Company has been indicted for allegedly misappropriating $5,000 from the state-created workers compensation company.

(Marshall Griffin/St. Louis Public Radio)

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.