Insurance
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Rate hike seen likely for many
Despite efforts from government and industry to reduce health care spending, Rhode Island health insurers say the cost curve is bending in the wrong direction. more

By Patrick Anderson
PBN Staff Writer | 5/20/13

Koller: ‘We are no longer talking past one another’
R.I. Health Insurance Commissioner Christopher F. Koller says there’s enough unfinished business to keep him working right up until the last minute of his scheduled departure at the end of June. That’s when he’s set to begin his new job as president of the Milbank Memorial Fund in New York City. more
By Richard Asinof
Contributing Writer | 5/13/13
UnitedHealthcare named new sponsor of Newport Marathon
UnitedHealthcare Employer & Individual of New England has been named the new title sponsor for the UnitedHealthcare Newport Marathon, taking over for Lincoln-based Amica Mutual Insurance Co., which held the title sponsorship position since 2009. more
| 5/9/13
FM Global to offer record ‘membership credit’
Clients of FM Global, the Johnston-based commercial property insurer, will receive a collective $435 million in premium reductions as part of a record “membership credit” to policy holders. more
| 5/7/13
Coakley: Insurance co. overcharged drivers
BOSTON – An auto-insurance company has agreed to pay more than $200,000 to settle allegations that it overcharged consumers by failing to reduce premiums as drivers gained additional years of driving experience, Attorney General Martha Coakley said. more
5/6/13
Starkweather & Shepley acquires Braintree-based firm
Starkweather & Shepley Insurance Brokerage Inc., Rhode Island’s largest independent insurance agency, has acquired Braintree, Mass.-based Crosbie-Macdonald MD Insurance Services, Starkweather & Shepley announced Friday. more
| 4/12/13
Arbella foundation raises $149K for hunger aid
QUINCY, Mass. – The Arbella Insurance Foundation last week announced that the fifth annual Let’s Drive Out Hunger raised $149,617 – more than double the previous year’s total of $62,775. more
4/8/13
Four insurance firms settle overcharge claims
BOSTON – Four auto-insurance companies have settled allegations that they overcharged consumers relating to auto-insurance surcharges that were overturned by the Mass. Board of Appeals or otherwise removed from driving records, Attorney General Martha Coakley announced last week. more
4/8/13
FM Global using sports to link message, markets
Hurricanes, tornados, floods, wildfires and other natural disasters claim lives and leave in their wake the destruction of businesses and livelihoods around the globe. And the growth of complex international supply chains means these disasters cast a wide economic net. more

By Rhonda Miller
PBN Staff Writer | 4/8/13

Barnum Financial Group named MetLife’s 2012 firm of the year
Barnum Financial Group, an office of MetLife, has been named MetLife’s 2012 Firm of the Year. The company, which has five locations in Rhode Island, was also awarded the company’s highest management honor, the 2012 Individual Distribution Firm of the Year, the company announced recently. more
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