Insurance
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Long-term health care costs in Rhode Island have risen more rapidly over the past five years than in the United States as a whole and can cost as much as 40 percent more each year than the national average, according to the Genworth 2014 Cost of Care Survey released Monday. more
Penny Phaneuf, 68, has been going to Gold’s Gym in East Greenwich for three years but this year, she’s only paying $5 a month. more
Amica Mutual Insurance Co. reported net income of $149.5 million in 2013, more than double its 2012 profit of $71 million, according to financial results announced by Chairman, President and CEO Robert A. DiMuccio at the company’s annual meeting on Thursday. more
J.D. Power has ranked Amica Mutual Insurance Co. highest in overall customer satisfaction with regard to homeowners insurance claims. more
FM Global on Tuesday reported full-year 2013 net income of $1.02 billion, a 31.9 percent increase over the $774.4 million reported in 2012. Although the commercial property insurer saw its net revenue drop 1.1 percent last year to $4.02 billion from $4.06 billion a year earlier, gross premiums earned increased 5 percent to $5.6 billion. more
Rhode Island’s relentless, bone-chilling winter left its mark with freezing pipes and other troubles for property owners across the state, say insurers. For many, the combination of an extremely cold winter and still-sluggish economy was particularly challenging. more
Jason Cardoza, owner of Truckers America LLC in North Kingstown, wasn’t scared off by the horror stories about health-exchange websites across the country or the potential risk of trusting his employees’ insurance to an untested government information technology system. more
Despite a host of phone and online options, many consumers exploring the state’s new public health care exchange or the offerings of private insurer Blue Cross & Blue Shield of Rhode Island have eschewed convenience to get their questions answered in person. more
The first phase of Obamacare ended last week much the same way it began: The federal website drew millions of visitors and crashed at least twice. more
Energi, a leading provider of risk management and insurance programs for the energy industry, has recognized Glenn Carraher of Starkweather & Shepley Insurance Brokerage as an Energi Elite Broker for 2014, according to an announcement from the East Providence-based insurance brokerage. more
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