Financial Services

RISD'S Fleet Library, carved out of the former Rhode Island Hospital Trust banking hall, has won an architectural award. /

RISD library earns AIA, ALA kudos<br> for historic preservation

Efforts made to preserve the historic architecture of Rhode Island School of Design’s year-old Fleet Library, which was carved out of a former banking...

St. Joseph’s targets public in United contract fight

You could say St. Joe’s started it. After all, it was the Roman Catholic health care system that sent out a press release vowing...

Online auto insurance purchases rose 58% in 2006

More consumers than ever are buying auto insurance online, according to the “2007 Online Automobile Insurance Report,” released this month by comScore Inc. Online...

Allstate raises rates on Miss. homeowners

Allstate Corp., the second-largest home and auto insurer in the U.S., will raise rates for Mississippi homeowner policies by an average of 30 percent to...

Allstate must pay $2.06M to Louisiana homeowner

Allstate Corp., losing its first jury verdict over Hurricane Katrina damage, has been ordered to pay $2.06 million to a Louisiana homeowner who alleged...
Insurers say models based on five years? data better reflect current storm patterns. Above, a grassy field is flooded along Hundred Acre Cove in Barrington. /

Industry’s new risk models draw sharp criticism

Rhode Island lawmakers are scrambling to address skyrocketing home insurance rates and the increasing number of homeowners who are losing their insurance entirely, as...

FM Global receives high A.M. Best credit ratings

Identifying it as a “market leader” in the commercial property market,” A.M. Best Co. has assigned FM Global an issuer credit rating of “AA,”...
THE HEAVY RAINS,  gusting winds and floods brought by the April 15-16 nor'easter offered a powerful reminder of Rhode Island's vulnerability just as insurers are seeking higher premiums or denying coverage to some homeowners and residents. Above, Rhodes-on-the-Pawtuxet is flooded by the river for which it is named.
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Push is on to expand federal flood insurance

With his party now controlling Congress, Rep. Barney Frank, D-Mass., has joined forces with a Republican colleague to try again to reform the struggling...

Insurers’ credit report use questioned

John Vitkevich is a homeowner in Portsmouth who, like many others, has blemishes on his credit report. He knew that would affect interest rates...

Bill aims to let docs apologize

Most people are taught as children to apologize when they have done something wrong and hurt another person. But for doctors, depending on what...
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