US Facilities, a Costa Mesa-based insurance holding...
US Facilities, a Costa Mesa-based insurance holding firm, reported a $194,000 loss for the second quarter, contrasted with earnings of $66,000 for the same period last year. Revenue for the second quarter was up 49% to $9.7 million from $6.5 million a year earlier. For the first six months, the company had a loss of $499,000, contrasted with earnings of $454,000 for the same period last year. Revenue was up 36% to $18.2 million from $13.4 million. The company attributed the losses to the increased cost of labor and health-care claims.
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