Date: November 28, 2011
Source: News Room
The Rhode Island Resource Recovery Corporation (RIRRC), which manages the state's Central Landfill, has secured a $3.3 million settlement agreement with its insurance company that covered the landfill for certain types of theft-related losses. RIRRC sued Travelers Casualty and Surety Company of America in state Superior Court in 2010 for $75 million in connection with losses suffered over a period of years under its previous director. RIRRC presented as evidence a 2009 forensic audit report documenting years of mismanagement, flawed multimillion-dollar land deals and construction projects, cronyism, suspected fraud and bid-rigging, bogus workers' compensation claims, overtime scams and other wasteful activity.
See also: "Rhode Island Resource Recovery Wins Judgment Against Insurer to Cover Losses," (www.wasteinfo.com/news/wbj20110601E.htm).
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