Health insurance provider MCS is expanding the scope of its Wellness Institute initiative to include more businesses looking to establish in-house programs to promote health in their workplaces. At present, there are 50 companies participating in the MCS program launched in November 2010.
The State Insurance Fund recently signed off on a $242 million loan from Banco Santander Puerto Rico to refinance a prior loan that was in default and for ongoing improvements planned at the government agency.
First BanCorp continued its path of negative quarterly growth, reporting a net loss of $28.4 million for the first quarter of 2011. However, the result for the period ended March 31 reflected a marked improvement from the $251.4 million net loss reported for the fourth quarter of 2010 and the $107 million net loss for the first quarter of 2010.