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News Briefs

Tad Sooter, Kitsap Sun

A contract between Harrison Medical Center and Regence BlueShield terminated Thursday after the two sides were unable agree on a new deal.

Talks between the hospital, represented by parent company Franciscan Health System, and the insurance company failed after months of wrangling. The contract between Regence and Harrison was set to expire July 30 but the two sides agreed to extend it through Thursday. No agreement was reached in the past three weeks, and representatives for Harrison and Regence confirmed the contract will terminate. read more »

 

Pete Yost and
 Marcy Gordon, Associated Press

WASHINGTON (AP) — The government has reached a $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis, the Justice Department announced Thursday.

The deal calls for the bank, the second-largest in the U.S., to pay a $5 billion cash penalty, another $4.6 billion in remediation payments and provide about $7 billion in relief to struggling homeowners. read more »

 

WASHINGTON (AP) — A fourth straight monthly increase in sales of existing homes provided the latest evidence Thursday that the U.S. housing market is rebounding from a weak start to the year.

Housing has been a drag on an otherwise strengthening economy, in part because a harsh winter delayed many sales. But Americans are stepping up purchases as more homes have been put up for sale. And low mortgage rates and moderating price gains have made homes more affordable. read more »

 

OLYMPIA (AP) — The state Supreme Court on Thursday unanimously upheld a lower court’s ruling that says damages to be paid to part-time state employees who were wrongfully denied health benefits must take into account more than actual out-of-pocket costs.

The high court’s ruling sided with a class-action group’s stance on such damages, and it rejected the Washington Health Care Authority’s argument that the state should only pay for actual costs paid by class members during the time they were denied benefits. read more »

 

Kitsap Bank has announced the five finalists in the inaugural edg3 Fund small business competition. These companies, chosen by a public online vote from a group of 16 semi-finalists, will move on to compete in the final phase of the competition, edg3 Fund Live.

The concluding event will be Wednesday, Sept. 10 at 5:30 p.m. at Kitsap Conference Center at Harborside in Bremerton. There, the finalists will present their pitches before a live audience and an independent panel of judges. The winner announced that night will come away with the $20,000 prize.  read more »

 

North Kitsap Fishline is preparing to open a second thrift store in Poulsbo to help support the nonprofit’s food bank and other services.

Fishline, which operates the Second Season thrift store in downtown Poulsbo, will open Second Season Home on Sept. 4 at the former food bank location at 18916 Third Ave.

The Fishline food bank relocated earlier this year to the former Poulsbo RV site off Viking Avenue.

Second Season Home is accepting donations of gently used furniture and home décor items by appointment and on Aug. 22-23 and 29-30 from 10 a.m. to 2 p.m. read more »

 

The North Mason Chamber of Commerce
has two upcoming Neighborhood Network Brown Bag Luncheon Workshops.

On Wednesday, Aug. 27, a session on “Focus on New Grant Guidelines” will be held from noon to 1:30 p.m.
at the Theler Community Center in Belfair. This workshop will feature Norma Schuiteman, president/CEO
of The Community Foundation of South Puget Sound. read more »

 

Puget Sound Energy has begun an electric system improvement project at Agate Pass between the north end of Bainbridge Island and the Suquamish area of Kitsap County.  Over the coming months, two lattice steel towers will be replaced with four weathered steel poles, and two existing transmission lines will be replaced.

Work crews are moving equipment into position this week, along with removing some trees and clearing brush. The construction will begin after Labor Day weekend. read more »

 

FPH Construction of Bremerton expects to start work in a few weeks on a 16,200-square-foot building in Silverdale that will be the new location of Cascade Elite Gymnastics West.

The gymnastics club will be the first occupant in the Newberry Ridge Industrial Park that FPH is developing near the corner of Newberry Hill Road and Dickey Road, just west of State Highway 3.  read more »

 
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