I once asked a potential client how much he paid for the last book he purchased. His response was $25. I then asked him if he read it. His answer was yes. I then asked if he read his cargo policy and he said no. I pointed out that he paid $25,000 for this policy, which contained less than 5 percent of the words in the novel, so why hadn’t he read it? His reply was “it was too difficult to understand.” more

Kirk Lusk has been named chief financial officer of Narragansett Bay Insurance Co. more

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

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

Grant Livingston has been hired as a senior retirement plan adviser at Cornerstone Group, where he will be responsible for helping the firm’s small-business clients manage their retirement plans. more

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

A workshop on Disaster Preparedness for Small Business will be held in Providence on May 30. The workshop will focus on developing an emergency plan that protects the business and employees and keeps the company functional during the rebuilding process. more