Latest
By Stephen Nellis / Friday, February 24th, 2012 / Banking & Finance, Small Business, Top Stories / Comments Off on In a crunch, State Fund targets small businesses
The State Compensation Insurance Fund, a government-sponsored insurer of last resort that’s hurting for business, has taken its hunt for cash into the courts, suing mom-and-pop contractors and billion-dollar companies alike in the Tri-Counties. The suits appear to be part of a crackdown on collections as the fund prepares to lay off thousands of workers Read More →
Latest
By Editorial Board / Friday, November 25th, 2011 / Editorials, Opinion / Comments Off on Editorial: Community Dividends kickstarts giving season
In what has become a welcome and enduring tradition in the region, Montecito Bank & Trust kicked off Thanksgiving week with its ninth annual Community Dividends luncheon on Nov. 21.
Latest
By Stephen Nellis / Friday, November 18th, 2011 / Top Stories / 3 Comments
[EDITOR’S NOTE: This story was updated and corrected at 1:45 p.m. on Nov. 21. Scroll to the bottom for the correction.] The State Compensation Insurance Fund and the region’s biggest private company are taking off the gloves in a fight over a $50 million fraud judgment. At issue is whether an $80 million dividend paid Read More →
Latest
By Stephen Nellis / Friday, September 2nd, 2011 / Law & Goverment, Top Stories / 4 Comments
Santa Barbara-based Select Staffing plans to appeal a $50 million decision against it in a lawsuit that alleged the firm underpaid its workers compensation insurance premiums by $30 million and underreported its payroll to state officials. The lawsuit was filed in state court in San Francisco by the State Compensation Insurance Fund, a quasi-public nonprofit Read More →
