Tag: Maryland Automobile Insurance Fund

State auto insurer defends spending, bonuses

Officials with the Maryland Automobile Insurance Fund defended their spending and staff bonuses to legislators on the joint audit committee Monday.

In a December report, state auditors were highly critical of $1.4 million in bonuses paid out to management and staff at the quasi-public agency for motorists who can’t get coverage anywhere else in 2008. That year, the insurer lost $20 million.

The audit also criticized MAIF spending $250,000 on consultants, marketing and lobbying, as well as on a $15,000 “appreciation” dinner for agents who refer clients.

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