Insurance

Health Care
May 18

By Patrick Anderson
PBN Staff Writer

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.
Health Care
May 11
By Richard Asinof
Contributing Writer

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.
Philanthropy
May 9

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.
Insurance
May 7

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.
Law
May 4

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.
Insurance
Apr 12

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.

Financial Services
Apr 6

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.
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