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In a crunch, State Fund targets small businesses

By   /  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 →

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Editorial: Community Dividends kickstarts giving season

By   /  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.

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State fund files RICO claim against Select Staffing

By   /  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 →

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Select plans appeal of $50M judgment

By   /  Friday, September 2nd, 2011  /  Law, 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 →

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