Office of Risk Management

Privatization of state agency yields early savings

Jul 24, 2012

Legislative auditors say a contract with a private company based in Mandeville to privatize and run much of the claims processing and management handled by the state's Office of Risk Management has been producing results ahead of schedules.

Emily Wilson, a performance audit manager for the state's legislative auditor's office, said Monday that F.A. Richard and Associates Inc. saved Louisiana a net amount of $1.4 million in the 2011 fiscal year.