Kaiser reports $3.1 million profit

Advertiser Staff

Kaiser Permanente Hawaii made $3.1 million in profit in the first quarter of 2003, the healthcare provider reported.

Revenues of $172 million exceeded costs of $166 million in the quarter, which followed multimillion-dollar losses last year. Kaiser officials said the profits came from better control of expenses, which cut costs, and a larger membership, which increased revenues.

Kaiser is the second-largest health insurer in Hawai'i after the Hawaii Medical Services Association.

Insurance seller loses license

The state has fined insurance salesman Terry Seguritan $150,000 and revoked his license, alleging he defrauded the public by collecting money and issuing I.D. cards for vehicle policies that did not exist.

The state insurance division said it knows of 26 victims of Seguritan's alleged scheme, but that others may have not discovered their policies are invalid.

Consumers who purchased insurance from Seguritan can call the division at 586-2790.

Tourism summit panels to report

Gov. Linda Lingle's tourism summit participants will hold a public meeting Thursday from 2 to 4 p.m. in the state Capitol Auditorium.

Six committees of visitor-industry leaders, government officials and community members will report on their progress.