1. TD Bank reports $181M quarterly loss in preparation for U.S. fines POSTED ONLINE: SEPT. 2. TD Bank Group has reported a $181 million loss for the quarter that ended on July 31 after it had to set aside $2.6 billion for expected fines by U.S. regulators because of problems with the bank’s anti-money laundering controls.
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COURTESY R.I. OFFICE OF THE HEALTH INSURANCE COMMISSIONER[/caption]
2. R.I. health insurance commissioner OKs modified rate hikes for 2025 POSTED ONLINE: SEPT. 3. The R.I. Office of the Health Insurance Commissioner approved commercial health insurance rate hikes for 2025 for all insurers, though less in most cases than requests for individual, small- and large-group plans. The office modified and approved weighted average rate hikes of 11.2% for large-group rates, 12.4% for small-group rates and 7.8% for individual rates.
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PBN FILE PHOTO/WILLIAM HAMILTON[/caption]
3. This time, Hasbro’s plans for moving out are different POSTED ONLINE: SEPT. 20. There are now major differences in circumstances raising the likelihood that Pawtucket-based toy maker Hasbro Inc. will leave Rhode Island. Those differences include the 2021 death of longtime CEO Brian Goldner, who put down roots in the state; the widespread upheaval in office culture and commercial real estate caused by the COVID-19 pandemic; and Hasbro’s shift away from legacy toy lines to digital gaming and other entertainment.
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4. Nursing assistant’s license suspended after arrest, inappropriate relationship with patient POSTED ONLINE: SEPT. 3. Melissa Cordeiro, a nursing assistant for home health care service Nursing Placement, had her license suspended Aug. 30 by the R.I. Department of Health after she was placed on “active probation” on Aug. 24. Cordeiro fraudulently reported that she had worked in the patient’s home but instead was living there and had sent text messages about having a romantic relationship with the patient.
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COURTESY POINT32HEALTH CO.[/caption]
5. CEO of health insurer Point32Health resigns POSTED ONLINE: SEPT. 13. Point32Health Co., a combined entity of Tufts Health Plan and Harvard Pilgrim Health Care, announced that Cain A. Hayes has resigned as CEO. Additionally, current board Chairperson Eileen Auen will serve as interim executive chair effective immediately to lead the organization until a new CEO is hired.
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6. 9 developers submit proposals for Parcel 5 in the 195 district POSTED ONLINE: SEPT. 23.
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7. URI alum, wife donate $5M to help student-athletes earn business degrees POSTED ONLINE: SEPT. 12.
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8. First turbine successfully installed at Revolution Wind POSTED ONLINE: SEPT. 3. tinyurl.com/2h7536xz
9. Dentist group, insurers reach an accord POSTED ONLINE: AUG. 30.
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10. Thundermist Health Center cuts 124 employees POSTED ONLINE: SEPT. 13.
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