Hearings Officer Orders LGC to Repay $53.4 Million in Surplus

The New Hampshire Local Government Center (LGC) has been ordered to repay $53.4 million in money funneled from its health insurance plan to shore up an ailing workers' compensation pool and to reorganize its insurance plans under separate governing boards.Hearings officer Donald E. Mitchell ruled late Thursday that LGC, which provides health, property-liability and workers' compensation coverage to 132,000 government workers and retirees, engaged in an "improper" reorganization and co-mingled funds among its insurance pools beginning in 2003.Mitchell presided over a 12-day hearing in A...