Last Update: March 12 @ 10:29 PM
Insurance
929 results total, viewing 1 - 20
With health insurance costs due to climb 15 percent at The Claflin Co. after April 1, it’s no wonder company CEO Ted Almon feels deeply skeptical about the future of employer-funded health care. more
If your business gets whacked by severe weather, take heart. According to the Insurance Information Institute (III), a standard business-owners policy, called a BOP, provides coverage for a wide range of weather-related disasters, such as burst pipes, wind and rain damage, and damage to buildings caused by heavy ice and snow, among others. more
Convinced that its long-term survival is at stake, Blue Cross & Blue Shield of Rhode Island is attempting a corporate transformation. more
Privilege Underwriters Reciprocal Exchange (PURE), an insurer catering to high-value homes, says it is now offer insurance to homeowners along Rhode Island’s coast. more
A health care privacy breach involving about 528 people at Brown University covered by Blue Cross & Blue Shield of Rhode Island is among more than 40 incidents reported on a new federal Web page set up under the American Recovery and Reinvestment Act of 2009. more
WOONSOCKET – CVS Caremark Corp., the largest U.S. provider of prescription drugs, received a subpoena from a federal agency concerning “possible false or otherwise improper” claims for Medicare and Medicaid payments, Bloomberg News reported last week. more
The president of the R.I. Business Group On Health explains why employer-based coverage will suffer if proposed rate hikes are approved, and and why cost-shifting by public payers must stop. more
Recent studies by Towers Perrin and Hewitt Associates both project 2009 health care cost increases to be about 6 percent nationally. Although that is less than the double-digit increases we have seen in recent years, 6 percent still may sound like a lot. more
To the editor, In response to Ted Almon’s recent comments (“Health reform should examine brokers’ fees, too,” Feb. 8, 2010), I find that some of the basic premises of his argument are flawed. There is a reason that the insurance industry has chosen to use the brokerage community as the most efficient delivery system for its products. The alternative would be to increase their in-house sales staff, with the associated costs ultimately finding their way into the rates. more
To the editor, Ted Almon’s opinion piece (“Health reform should examine brokers’ fees, too,” Feb. 8, 2010) is a well-written article, and if it actually addressed the full value of insurance brokers, it would probably be accurate, as well. more
LINCOLN – Amica Mutual Insurance Co. says it nearly doubled the number of insurance policies it sold in 2009 despite the turbulent economy, thanks in part to new company-wide strategies. more
Amica Mutual Insurance Co. moved up one spot to No. 14 on BusinessWeek magazine’s annual list of the 25 companies with the best customer service in the United States. more
Rhode Island-based insurance giant FM Global awarded $375,000 in fire prevention grants in the last year to help organizations worldwide more effectively prevent fire in their communities, including $5,420 for Rhode Island agencies. more
Amica Mutual Insurance Co. says it nearly doubled the number of insurance policies it sold in 2009 despite the turbulent economy, thanks in part of new company-wide strategies. more
Blue Cross & Blue Shield of Rhode Island has accepted the Direct Pay rate hikes authorized by Health Insurance Commissioner Christopher F. Koller, leading to average premiums of $518.26 per month, effective April 1. more
Fitch Ratings last week upgraded the outlook for FM Global’s financial-strength rating while keeping the rating itself unchanged. more
Well-known local estate-planning lawyer Joe Caramadre is at the center of a legal battle after he and a group of investors paid terminally ill people in order to take out variable annuities in their names and reap a profit when they died. more
BOSTON – Gov. Deval L. Patrick last week appointed Joseph G. Murphy commissioner of the Mass. Division of Insurance. more
PROVIDENCE – The Rhode Island Business Group on Health is sponsoring a discussion Feb. 25 of factors driving health care costs and of possible state-level reforms that could make a difference. more
CRANSTON – Health Insurance Commissioner Christopher F. Koller is seeking public input on rate-hike requests filed by the state’s three commercial health insurers: Blue Cross & Blue Shield of Rhode Island, UnitedHealthcare of New England and Tufts Health Plan. more


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