Insurance
79 results total, viewing 1 - 10
(Updated, 2:35 p.m.) Allstate Insurance Company this week said it wants to add more than 30 new insurance agents in Rhode Island over the next year, revising expansion plans first announced in July 2012. more
Bank of America Corp.’s Countrywide unit sold thousands of bad loans, defrauding Fannie Mae and Freddie Mac out of more than $1 billion in mortgages, prosecutors said at the start of a federal trial. more
Seventy-five years ago last month, The Great New England Hurricane, or the Hurricane of ’38, altered the southern New England coastline and perception of the region’s vulnerability to severe weather. Since then, meteorologists have made huge advances in hurricane forecasting unimagined in the 1930s, while communities have built storm barriers and coastal fortifications. But we’re still vulnerable. Karen Clark, whose consulting firm advises businesses and insurance companies on catastrophe risk and modeling, has developed new tools for estimating the losses that will occur from different storm tracks. She recently released a report on what we could expect if a storm like the Hurricane of 1938 landed in New England today and discusses that and other unpleasant scenarios. more
New federal flood maps have made it difficult for some Rhode Island property owners to sell, insure or rebuild their houses, but state officials say the maps still understate how vulnerable beachfront communities are to future storms. more
Last week, on the one-year anniversary of Hurricane Sandy, property insurer FM Global issued a whitepaper outlining the importance of assessing natural disaster risk for CEOs and business leaders. more
FM Global is creating 36 new jobs in information technology at its corporate offices here, the company said in a press release Wednesday, among more than 300 hires made in Rhode Island in the last five years. more
WARWICK – At the end of September Blue Cross & Blue Shield of Rhode Island opened its first retail location, following the lead of Blue Cross & Blue Shield affiliates in other states. more
More than 2,000 Rhode Island property owners, many whose houses or businesses came through Hurricane Sandy and the 2010 floods without a scratch, are now feeling the effects of those and other devastating storms. more
The odd hours and unexpected demands of a real estate agent mean the job is not for everyone, even those with a passion for property. For Susan Arnold, having to respond to a client call the night before her wedding convinced her to look for more predictable work and she found it in corporate purchasing with Pratt & Whitney. But after night school produced a law degree, Arnold was drawn back to real estate, first as legal counsel and eventually CEO of the Rhode Island Association of Realtors, where her combination of corporate, legal and real estate experience was a good fit. Now in her second decade with the Realtors group, Arnold is trying to help her members negotiate challenges like the government shutdown and changes to the National Flood Insurance Program. She says flood insurance in particular - with new maps and the phasing out of subsidized rates for old homes - has caused significant anxiety in the housing market. more
Amica Mutual Insurance received the highest score among homeowner insurers in the J.D. Power 2013 U.S. Household Insurance and Bundling Study released Sept. 30. more
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