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Georgia State News Briefs


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The trade group said Builders Insurance, the company it created in the early 1990s to provide insurance services to member builders, paid out $1.9 million to directors in 2006 and 2007, which exceeds the director compensation for companies such as Delta Air Lines and UPS.


 


GDO Report

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<% End If%> AUGUSTA - The Home Builders Association of Georgia on Thursday urged its members to call a special meeting to oust the directors of its workers' compensation fund, alleging the directors have funneled profits toward their own compensation.

The trade group said Builders Insurance, the company it created in the early 1990s to provide insurance services to member builders, paid out $1.9 million to directors in 2006 and 2007, which exceeds the director compensation for companies such as Delta Air Lines and UPS.

Since 2000, dividends to policyholders have plunged from 13.6 percent to 1.5 percent, the builders association said.

The builders organization also said the insurance company has changed its bylaws to make it "virtually impossible" for policyholders to remove a director or hold a special meeting.

"Builders Insurance is not being properly managed and has no accountability or transparency," Ed Phillips, the executive vice president of the Home Builders Association of Georgia, said in a statement Thursday.

Augusta-Aiken jobless rate declines in April

Unemployment in the Augusta-Aiken area declined three-tenths of a percentage point to 5 percent in April, mirroring the state average, the Georgia Department of Labor reported Thursday. The U.S. unadjusted jobless rate is 4.8 percent.

The rate in the six-county area was 4.8 percent in April 2007.

In the Augusta-Aiken area, which includes Richmond, Columbia, Burke and McDuffie counties in Georgia and Aiken and Edgefield counties in South Carolina, the number of jobs was up 2,000, or nine-tenths of 1 percent, from 218,000 to 220,000.

Including the rural counties of Glascock, Hancock, Jefferson, Jenkins, Lincoln, Taliaferro, Warren, Washington and Wilkes, the area's jobless rate would be 5.7 percent in April, down three-tenths of 1 percent from March.

Resources available on historic home restoration

Fort Valley Main Street has designated a place in the organization's offices to house preservation books and other documents collected over the years for anyone interested in historic preservation work.

If you are planning to do some work on a historic home or are planning new construction in the historic district, these resources are now available. There are many other historical and informational books at the Troutman House, located at 201 Oakland Heights Parkway, Fort Valley. Office hours are 9 a.m.-5 p.m. Monday through Friday. To learn more, call 825-5986.

Top Toastmaster award given to WR speaker

Ronald Raynard Jones has received the Distinguished Toastmaster award, the highest achievement from Toastmasters International.

Jones is a charter member of Genesis Toastmasters Club No. 9580 of Warner Robins, which meets the last three Thursdays of the month at 7 p.m. at First Baptist Church on Garmon Street. Jones has been married to the former Cheryl Kay Arnold for 23 years. They have three children.

Houston arts board to meet Monday

The Houston Arts Alliance Board will meet Monday at 6 p.m. at Coldwell Banker Realtors, 470 S. Houston Lake Road, Warner Robins.

 

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