Posted at 1:47 p.m., Thursday, August 3, 2006
Business briefs: Hawai'i military involved in settlement
Advertiser Staff
Thousands of military personnel who are stationed here or were stationed in Hawai'i will receive part of a $10 million settlement agreed to by a Waco, Texas-based insurance company that allegedly used deceptive sales practices.American Amicable Life Insurance Co. and its affiliated companies said they had resolved claims that it improperly marketed its Horizon Life insurance product since 2000 that included payments and policy revisions.
The SEC said 4,700 people in Hawai'i, most of which were in the military, bought the policies during the period. Nationwide about 90,000 people purchased it, said Jina Choi, branch chief of the SEC's San Francisco district office.
The government agency had filed a lawsuit against American Amicable alleging the company's agents used misleading sales pitches, including suggesting purchasers could become millionaires when in reality participants earned little or nothing from the investments.
"The marketing was especially shameful," said Choi. "They believed they were buying an investment that could bring them lots of money."
HMSA opens Hilo call center
The Hawaii Medical Service Association has opened a new telephone call center in Hilo to field customer service calls from around the state.
The new call center, staffed by 11 customer service representatives and one supervisor, will be open from 8 a.m. to 4 p.m. Monday through Friday.
The HMSA branch office at 670 Ponahawai St. in Hilo will continue to serve HMSA members who walk in with inquiries or need personal assistance.
Hawaiian Airlines gets top punctuality rating for June
Hawaiian Airlines was rated the nation's best airline for on-time performance in June for the 32nd month in a row .
The U.S. Department of Transportation said 94.6 percent of Hawaiian's flights arrived on time in June.
Hawaiian also received top honors for baggage handling, with 2.60 reports of mishandled baggage for every 1,000 passengers flown. Hawaiian ranked third in fewest cancelled flights, with 13 cancellations out of 4,419 total flights. The airline ranked seventh in consumer complaints, with two reported complaints out of more than 536,000 passengers carried during the month.
Native Hawaiian Chamber of Commerce elects officers
The Native Hawaiian Chamber of Commerce has elected new officers and board of directors and officers for the coming year.
The include: President, Linda Kaleo Paik, president; Jim "Kimo" Guequierre, first vice president; Pauline Worsham, second vice president; Dana Hauanio-Lore, secreatary; and Stephen Kaa'a, treasurer.
Other board members elected are: Warren Asing, Rhonda Funn, Claire Hughes, Ron Jarrett, Kimo Kaleiwahea, H.K. Bruss Keppeler, W. Kamana'olana Mills, Kaulana Park, Puamana Kim Park, and Dirk Soma.
Founded in 1974, the Native Hawaiian Chamber of Commerce strives to encourage and promote the interests of Native Hawaiians engaged in business and the professions.
Wailea Golf LLC sells 50% interest in Maui golf course
Wailea Golf LLC has completed the sale of a 50% interest in the Wailea Blue Course on Maui to Allred Capital LLLP.
Wailea Golf and Allred Capital LLLP have formed a company by the name of Wailea Old Blue LLC, which will be the new owner of the Blue Course.
Wailea Old Blue LLC plans to renovate and upgrade the Arthur Jack Synder-designed 18-hole layout. Built over 35 years ago, the course was the first property developed in Wailea Resort.