Toll from Park Avenue Insurance Scam Still Rising

By Michael Whiteley, WorkCompCentral CorrespondentLosses from two Oklahoma workers' compensation insurers toppled by a national fraud scheme tied to Park Avenue Bank in New York have reached $92 million and are expected to grow, according to the National Conference of Insurance Guaranty Funds.Mark Steckbeck, an attorney for the guaranty fund group, said Friday he and Oklahoma officials are in the process of updating the eight-month-old estimate for losses and loss-adjustment expenses left by the failure of Park Avenue Property and Casualty Co. and Imperial Casualty and Indemnity Co.Former ...