Archive for the ‘Business Insurance’ Category

Investment Fund Took $70M from 300 Investors, SEC Says

The U.S. Securities and Exchange Commission obtained a court order freezing the assets of a San Diego man and an investment fund he ran — a fund that, by the agency’s account, defrauded 300 investors of $70 million. The SEC made the announcement Aug. 20. According to the complaint filed by the SEC, Mohit A. [...]

Kaiser Cutting 1,850 Jobs Statewide, 650 in Region

Kaiser Permanente’s surprising announcement last week that it would eliminate 650 jobs in Southern California and 1,850 statewide created concerns among health care analysts, who anticipate further job losses among hospital districts as the economy takes its toll. The Oakland-based health maintenance organization, or HMO, which serves half a million members in San Diego County [...]