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Chris Bergenheim

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THE MEDIAN price of a Rhode Island single-family home reached a record in 2019 at $285,000. / BLOOMBERG NEWS FILE PHOTO/SCOTT MCINTYRE

R.I.’s median single-family home price sets record in 2019

PROVIDENCE – The median price of a single-family home in Rhode Island in 2019 was $285,000, a 5.6% increase from the previous year, the...
BEACON MUTUAL INSURANCE CO. will distribute $6 million in dividends to policy holders in the third quarter tied to safety performance and policy size. Above, company President and CEO Brian J. Spero. / PBN FILE PHOTO/MIKE SKORSKI

Beacon Mutual to return $6M in dividends to policyholders

WARWICK – Beacon Mutual Insurance Co. on Tuesday announced it will distribute $6 million in dividend payments to its “safest policyholders,” the largest dividend...
SUMR BRANDS Interim CEO Stuart Noyes has highlighted turnaround efforts at the company since his assumption of the role roughly one month ago.

SUMR Brands highlights turnaround efforts, including reverse stock split

WOONSOCKET – Summer Infant Inc., now doing business as SUMR Brands, issued a notice Tuesday that highlighted its progress in efforts to “improving long-term...
RHODE ISLAND'S Assistant Secretary for Health and Medicaid Director Patrick M. Tigue will depart his role Feb. 1 for the private sector. / COURTESY EXECUTIVE OFFICE OF HEALTH & HUMAN SERVICES

R.I. Director of Medicaid Tigue to depart in Feb.

PROVIDENCE – R.I. Medicaid Director and Assistant Secretary for Health Patrick M. Tigue will leave state employment for the private sector effective Feb. 1,...
U.S. MANUFACTURING OUTPUT increased 0.2% in December. / BLOOMBERG NEWS FILE PHOTO/MATTHEW BUSCH

Dec. gain in U.S. manufacturing output wraps up weak year

WASHINGTON – United States factory production unexpectedly increased in December, a bright spot in an otherwise weak year for manufacturing. The 0.2% increase in manufacturing...
MORTGAGE DELINQUENCY in Rhode Island accounted for 4.3% of all mortgages in November. / BLOOMBERG NEWS FILE PHOTO/DAVID CALVERT

R.I. mortgage delinquency declines in Oct.

PROVIDENCE – The mortgage delinquency rate of 30 days or more in Rhode Island was 4.3% in October, a 0.3 percentage point decline year...
A SCREENSHOT of the Rhode Island unclaimed property website, where Rhode Islanders can search for unclaimed property in their name.

In R.I., $23M in property goes unclaimed in 2019

PROVIDENCE – Unclaimed property identified by the state last year increased by $23 million, to $389 million, Treasurer Seth Magaziner said on Monday. The Office...
NICHOLAS S. UCCI has been named as R.I. Energy Commissioner, subject to approval from the R.I. Senate. / COURTESY OFFICE OF GINA M. RAIMONDO

Raimondo names three to energy leadership positions

PROVIDENCE – Gov. Gina M. Raimondo on Friday named her choices for three top energy positions, including Nicholas S. Ucci for state energy commissioner. All...
T.F. GREEN AIRPORT has been allocated $5.5 million in federal funds to reimburse it for security upgrades following 9/11. / PBN FILE PHOTO/ MICHAEL SALERNO

T.F. Green gets $5.5M reimbursement for security upgrades

WARWICK – T.F. Green Airport will get $5.5 million in federal funds for reimbursement for post-9/11 security upgrades. The funds are part of $40 million...
GDP in Rhode Island increased at a 1.6% annualized rate in the third quarter. / COURTESY BUREAU OF ECONOMIC ANALYSIS

R.I. GDP grows at slowest rate in New England in Q3

PROVIDENCE – Rhode Island's gross domestic product in the third quarter increased at an annualized and seasonally adjusted 1.6% in the third quarter, the...
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