Tuesday, April 23, 2024

TOPICS

Financial Services

Alexander confirmed as new EOHHS secretary

PROVIDENCE – Gary Alexander was confirmed by the R.I. Senate last week as secretary of the R.I. Executive Office of Health and Human Services. Alexander,...

Bill closing hurricane insurance loophole signed by governor

PROVIDENCE – Legislation approved by the General Assembly aimed at closing a loophole in the state law regulating hurricane insurance deductibles has been signed...
WHILE FORECLOSURE ACTIVITY fell by a quarter in May in Rhode Island, it increased 18 percent across the country, exceeding 300,000 actions for the third month in a row. /

R.I. foreclosures show major drop in May

IRVINE, Calif. – Foreclosure activity in the United States in May showed a 17.8 percent increase year over year, reaching the third-highest level that...

MetLife sees defaults on the rise

NEW YORK – Commercial mortgage defaults will rise over the next two to three years, according to MetLife Inc.’s chief investment officer. Steven Kandarian, speaking...
BANCO SANTANDER'S attractiveness to investors has benefited from Spain's more conservative regulatory scheme. /

Santander gains fans in Scotland

EDINBURGH – In the hometown of Citizens Bank parent, Royal Bank of Scotland Group Plc, the parent of another bank prominent in Rhode Island...
"MAXIMIZING UPTIME and streamlining business processes have been where most of [our clients'] IT dollars have been spent," said Joseph L. Signore, director of information technology at R3 Technologies. /

Five Questions With: Joseph L. Signore

Joseph L. Signore is a certified public accountant and partner and director of information technology at R3 Technologies, a subsidiary of the Providence-based accounting...
THE 81 pending layoffs are in addition to the 950 job cuts Sovereign announced last month across the eight East Coast states where Sovereign operates. There also was a round of 1,000 layoffs in December. /

Sovereign to lay off 81 Conn. employees

ROCKY HILL, Conn. – Sovereign Bank says it will lay off another 81 full-time employees next month at a motor vehicle financing unit in...

Magazine: Citizens tops in ‘family-building benefits’

ORLANDO, Fla. – Citizens Financial Group/RBS Americas has been honored by Conceive magazine as the top company nationwide in offering family-building benefits, including fertility...

Hanover names Starkweather to President’s Club

EAST PROVIDENCE – The Hanover Insurance Group Inc. (NYSE: THG), a leading regional property and casualty company, recently appointed Starkweather & Shepley Insurance Brokerage...

NBIC, Palisades reach coastal insurance agreement

PAWTUCKET – Narragansett Bay Insurance Co. (NBIC) and Palisades Safety and Insurance Management Corp. have announced an agreement that will allow NBIC to offer...
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