Feb 8, 2012 10:51 AM by AP
NEW ORLEANS (AP) - The New Orleans Inspector General says the city wasted hundreds of thousands of dollars on employee life insurance over the last eight years.
Among the findings in the report released Tuesday: There were overpayments totaling $250,000 over four years because the city failed to accurately calculate the number of employees eligible for benefits. And two insurance agents who provided no services received $250,000 in commissions.
New Orleans Mayor Mitch Landrieu's administration said it has taken steps to fix the situation. And the mayor's office said in its five-page response to the report that Hartford Life and Accident has agreed to stop the payments to the agents and pass the savings on to taxpayers.