Insurance
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Nearly 700 Blue Cross & Blue Shield of Rhode Island employees recently contributed an estimated 3,400 volunteer hours during the company’s second annual statewide day of community service on Sept. 26. 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
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
Seven years into what he says is a thriving boat-rental business that offers eight sail and power boats, Wickford Boat Rentals owner Dave Fetherston got a notice from his insurance carrier that he was being dropped. more
It’s about to get tougher to drive without auto insurance in Rhode Island. more
Hunter Insurance President Brian Hunter stays on top of issues in his field, and one that the Cumberland-based agent has paid attention to lately is the ability of drivers in some states to access their car-insurance ID card digitally. more
(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
Injured veterans ride in Providence on Sept. 9 in the UnitedHealthcare Ride 2 Recovery Minuteman Challenge, a seven-day, 425-mile bicycle ride from Lexington, Mass., to Philadelphia. More than 200 injured veterans and supporters participated in the ride. The nonprofit Ride 2 Recovery helps injured veterans heal through cycling. This was the fourth year UnitedHealthcare served as Ride 2 Recovery’s title sponsor. more
Like many insurance businesses, Narragansett Bay Insurance Co. endured a difficult test not quite a year ago, when Hurricane Sandy blew a swatch of destruction along the East Coast. more
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