Updated February 21 at 4:27pm
Financial Services
780 results total, viewing 21 - 30
(Updated 11:43 a.m. to reflect corrected information) The state pension investment fund lost approximately $471 million in fiscal 2016, marking a 5.9 percent reduction to $7.5 billion compared with fiscal 2015. more
Although Rhode Island’s financial services industry accounted for 4.2 percent of direct employment in 2015, the industry contributed 9 percent of the state’s gross domestic product, ranking 8th most in the country. more
(Updated 12:22 p.m.) Joseph M. Baptista is the president of Anchor Financial Mortgage Inc. in Pawtucket. The mortgage firm recently partnered with R.I. Housing and its new program, the Ocean State Grad Grant, which is designed to help new graduates purchase homes. He talks with Providence Business News about his firm, the program and the benefits to buying versus renting. more
The Hilb Group of New England last week launched a new division designed to help businesses with voluntary benefit products. more
(Updated 3:43 and 4:38 p.m.) The R.I. Commerce Corp. board on Monday approved a new loan program designed to benefit small businesses, approving $5.4 million in state funds for four development organizations and three micro lenders. more
Lots of boys go through a blowing-things-up phase in their early adolescence. Ed Thorp’s was more explosive than most. The son of a security guard (his dad) and a Douglas Aircraft riveter (his mom) growing up in a working-class town near Los Angeles during and after World War II, at age 11 Thorp found a recipe for gunpowder in an old encyclopedia and began manufacturing it in large quantities, using it to power homemade rockets and rocket cars. more
Woodrow Crouch has been promoted to assistant vice president for Amica Life, at Amica Insurance. He previously served as a managing actuary. He holds a bachelor's degree in mathematics from Connecticut College. more
On Tuesday the Rhode Island Foundation announced the results of a report that analyzed the state’s small-business support capabilities, identified weaknesses in the business ecosystem and suggested opportunities for improvement. more
(Updated, 4:48 p.m.) Pointing to the currency crisis in Europe and China’s economic slowdown, Rhode Island’s general treasurer says volatility in the financial markets contributed to the 0.28 percent loss on the state’s pension investments last year. more
In some states, the more one drives, the more auto insurance costs. But in Rhode Island, the change in cost is negligible. more
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