Failing insurer rewards staff with Cayman trip

| 05/03/2009

(Inforum.com): At a time when Blue Cross Blue Shield wants to increase premiums up to 18.3 percent, reports surfaced Wednesday that the health insurer is spending up to $227,500 to send 35 of its employees to the Cayman Islands to the Westin Casuarina Resort. The expenditure seems curious in light of the “dire” financial projections Blue Cross Blue Shield of North Dakota made last year, when it once predicted a possible loss of up to $23 million, said North Dakota Insurance Commissioner Adam Hamm.

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