JEFFERSON CITY — A state-created insurance company has built a competitive advantage by enjoying a best-of-both-worlds scenario — avoiding federal income taxes by claiming to be a public corporation yet generally operating as a private entity and shelling out big bucks for executive perks, according to a report Monday by the Missouri auditor.
Missouri audit criticizes state-created insurance firm
Monday, February 27, 2012 | 2:59 p.m. CST
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