Specialty Underwriters' Alliance, Inc. Reports Results for Second Quarter 2008 Aug 8, 2008
" Financial Results Earned premiums were $34.2 million for the second quarter of 2008 compared to $37.2 million for the second quarter of 2007. Earned premiums were $69.9 million for the six months ended June 30, 2008 compared to $72.6 million for the comparable period in 2007. Total expenses for the three months ended June 30, 2008, were $ 33.6 million, consisting of loss and loss adjustment expenses of $20.9 million, acquisition expenses of $7.3 million and other operating expenses of $5.4... (PR Newswire)
ProService Hawaii names chief financial officer Aug 3, 2008
ProService Hawaii, one of the state's largest professional employer organizations, offers outsourced human resources and payroll administration to more than 800 companies. It has five offices on Oahu, Maui, Kauai and the Big Island. (Pacific Business News, HI)
Essex creates human resource division Jul 28, 2008
Companies outsource to these companies -- also called professional employer organizations, or PEOs -- everything from administering the payroll and paying employment-related taxes, to risk management, recruiting, providing health benefits and securing workers' compensation coverage. This way, businesses are able to focus on their tasks while firms like Essex HR can take care of the daily employer operations, Hutchinson said. (Dayton Business Journal, OH)
Oriskany developer pleads guilty in fraud case Jul 25, 2008
As a convicted felon, Anderson was actively involved in providing workers compensation policies to professional employer organizations, reviewing applications and establishing underlying guidelines, prosecuting Assistant U.S. Attorney Edward Broton said in court ... According to that allegation, Anderson, Kernan and others agreed to market and sell illegal workers compensation policies to professional employer organizations. (Utica NY Obserer, NY)
HR outsourcer Administrative Concepts expands to California May 23, 2008
The expansion is a good time for professional employer organizations like PEO Experts and Administrative Concepts, Bushong said. More small businesses are beginning to outsource management of their human resources, especially in the area of regulatory compliance. (Tampa Bay Business Journal, FL)
Schemes can land you in prison Apr 7, 2008
HIRING UNRELIABLE THIRD-PARTY PAYERS: Most payroll service providers and professional employer organizations provide upstanding service. But there are some less-than-reputable third-party payers who fail to pay the collected taxes to the IRS. Employers should check with the BBB to find a trustworthy third-party payer, and once hired, verify that tax payments are being made. (The Augusta Chronicle)
Flexible funding Mar 5, 2008
Professional employer organizations contractually assume the benefits of certain employees at the companies they provide services for. Lenore Koors, development director at Komen Maryland, saw the $7,705 check as more than a donation. (Baltimore Business Journal, MD)
Ex-clients blame state regulators Feb 22, 2008
Though the law requiring professional employer organizations to be licensed led to a flood of applications, the General Assembly only included funding for one administrator to process them. "We were juggling them all at once," Pearson said. (News & Observer)
PEO endure workers' com market pullout Feb 7, 2008
When insurance companies that provided workers' compensation coverage to professional employer organizations began pulling out of the Florida market last year, the dominoes started falling. A trickle-down affected large and small businesses. (Tampa Bay Business Journal, FL)
Trends for '08 Jan 7, 2008
Similarly, expect more small businesses to look for ways to reduce the cost of benefits administration by turning to professional employer organizations. With PEOs, some businesses take advantage of economies of scale and relieve their human-resources staff of some duties. (Pittsburgh Post-Gazette, PA)
Nelco bought by Orlando company Jan 4, 2008
Based in Bradenton and founded in 1984, Nelco is one of the oldest professional employer organizations in the nation. Related Industry News. (Tampa Bay Business Journal, FL)
Youre fired! now often comes from strangers Jan 4, 2008
Big companies are responsible for much of that spending, but small companies that have traditionally relied on professional employer organizations, or PEOs, to manage payroll are increasingly outsourcing more complex tasks such as recruiting, performance reviews, and, yes, terminations. Rebecca Heyman's boss, TriNet founder Martin Babinec, says that demand for these services is growing so fast that he now does as much revenue in a given quarter as he did in all of 2002, when he booked $22... (MSNBC -- Business)
Owner of Ballston Spa payroll company pleads guilty to larceny Nov 3, 2007
A 2002 state law mandates that "professional employer organizations," such as payroll services companies register and pay fees to the state Department of Labor. Bonding, which serves as an insurance policy for a firm's clients, is not automatically required. (Albany Business Review, NY)
Helping small business Oct 24, 2007
Firm acts as link to professional employer organizations - San Antonio Business Journal ... Firm acts as link to professional employer organizations ... Chapman says more and more small-business owners are turning to professional employer organizations, or PEOs, to take on their back-office operations so that they can focus on company growth. (San Antonio Business Journal, TX)
Column: Bungled job hunts, vacation procrastination, and ageism and the young Sep 6, 2007
Even worse, the same number reported that job applicants lie during the interview process, according to a survey by the National Association of Professional Employer Organizations. Outsourcing company ADP reported that six percent of applicants that it performed background checks on covered up something negative about their past. (San Diego Union-Tribune -- Business)
Hands-Free HR Aug 2, 2007
To find a PEO, start with the Web site for the National Association of Professional Employer Organizations (), of which about 370 of the country's 700 PEOs are members. The Employer Services Assurance Corp. () is a nonprofit that has accredited 24 PEOs willing to undergo financial and operational scrutiny and to shoulder the costs of accreditation. (BusinessWeek)
Insurer pleads guilty to workers compensation fraud Jul 26, 2007
Thosteson was a licensed insurance agent in Alabama who was president of and , professional employer organizations based in Dothan. TMG had a branch office in Tampa. (Tampa Bay Business Journal, FL)
Feds sue Mirabilis seeking back taxes May 24, 2007
Records show the payroll and human-resource companies, also known as professional employer organizations, or PEOs, were owned or controlled by Mirabilis, Amodeo or Amodeo-related businesses starting in late 2004 or early 2005. Former employees of the companies said earlier this year that prosecutors and Internal Revenue Service agents were investigating the whereabouts of more than $100 million in employment taxes that had been collected but not relayed to the government. (Orlando Sentinel -- News)
PMH Resources' rapid rise brings it international honor Apr 9, 2007
And those numbers held up in a recent survey of mostly small businesses by the National Association of Professional Employer Organizations. Professional Employer Organizations, or PEOs, are companies that handle human-resource tasks such as payroll and benefit-plan administration for small and medium-sized businesses. (Orlando Sentinel -- Business)
Specialty Underwriters' Alliance, Inc. Reports Highest Quarter of Written Premiums of $46M; 2006 Written Premiums of $153M; and 2006 Net Income of $0.55 Per Share Feb 28, 2007
Examples include tow trucks, professional employer organizations, public entities, and contractors. SUA's innovative approach provides products and claims handling, allowing the Partner Agent to focus on distribution and customer relationships. (PR Newswire)
PEO advocate seeks state licensing Feb 26, 2007
Although he said his own company adheres to high standards, he worries that eventually a couple of bad apples in his industry -- professional employer organizations (PEOs) -- could generate headlines. This article is for Paid Print Subscribers ONLY.. (Denver Business Journal, CO)
• Monday hearings calendar Feb 10, 2007
SB2036 - Relating to the licensing of professional employer organizations. 10 a.m.. (Bismarck Tribune, ND)
MARKETPLACE: New chances to save Jan 22, 2007
Small businesses are also contracting with professional employer organizations such as Payroll Solutions so they can buy into a 401(k) plan with hundreds of other companies. Banding together with like-sized businesses gives even the smallest companies more buying clout and helps them defray administrative expenses among a wider range of workers. (Las Vegas Review-Journal -- Business)
Oasis buys Kelly Staff Leasing Jan 4, 2007
Professional employer organizations and have combined, with Oasis buying Kelly Staff Leasing from. The privately held, West Palm Beach-based Oasis says its buy includes Kelly Staff Leasing's primary facility in San Diego, which houses its operations center, including payroll processing, customer service and human resources support personnel. (Orlando Business Journal)
New Year, New Direction Jan 2, 2007
I'd start looking at PEOs (professional employer organizations, which hire and lease back employees to small and medium-sized employers), HR consultancies, and EAP (Employee Assistance Program) providers, for starters, as well as recruitment firms, where your client-service background will come in very handy. Right up front in your cover letter, you'll explain why your lack of formal HR experience is outweighed by your terrific background, skills and enthusiasm. (BusinessWeek)
