Regulation
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Law increases consumer protections on storm claims
While storms such as 2011’s Tropical Storm Irene and the April-May 2010 flooding are memories, albeit painful still for some, such climactic weather events are becoming more frequent. Because of the damage they can cause property, a new state law was designed to provide additional protection to homeowners who have hurricane insurance. more

By Michael Souza
PBN Staff Writer | 10/1/12

Blue Cross fined $250K for unfair practices in large group market
R.I. Health Insurance Commissioner Christopher F. Koller issued an order Friday that found Blue Cross & Blue Shield of Rhode Island had engaged in unfair and discriminatory practices in large group markets. more
Tax changes go into effect on Monday
The R.I. Division of Taxation is reminding retailers and consumers of three major sales tax changes going into effect on Monday, Oct. 1. more
| 9/28/12 | 1 comment
As Steward withdraws, Prime Healthcare to be Landmark buyer
Three days before the Sept. 30 deadline was to expire, Steward Health Care issued a statement late Thursday afternoon officially announcing it had terminated the asset purchase agreement to acquire Landmark Medical Center. more
Providence ranked 15th in U.S. for favorable business tax structure
Among a survey of 73 U.S. cities that offer the most favorable tax structures for businesses, Providence ranked 15th overall. more
Bay Commission breaks ground on Phase II of clean water project
At 10 a.m. on Wednesday, the Narragansett Bay Commission broke ground on a part of Phase II of its combined sewer overflow abatement project, at the Rite Aid parking lot at 80 Manton Ave. in Providence. more
| 9/26/12
RIPEC: Bring EDC under state control
The R.I. Economic Development Corporation, plagued by inefficiency and lack of direction, should be brought under direct control of the governor’s office and a new state commerce agency, the Rhode Island Public Expenditure Council recommended in a report on the quasi-state agency released Tuesday. more
Expect to come up short if you’re selling short
With generous new guidelines from Fannie Mae and Freddie Mac likely to stimulate large numbers of short sales by underwater homeowners, what impacts can these sellers expect to see on their credit scores? more
9/24/12
Medicare tax to increase for S-corporations
S-corporations have come under scrutiny by both federal and state tax officials who worry about attempts to dodge paying additional Medicare taxes. State tax officials, however, have seen no evidence they are being used as tax shelters. more

By Michael Souza
PBN Staff Writer | 9/24/12

Lowney named Mass. Victim Assistance director
BOSTON – Liam Lowney, a victim-service provider and advocate, has been appointed executive director of the Mass. Office for Victim Assistance. more
9/24/12
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