National Briefing | New England: Rhode Island: Insurer to Pay Millions
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Blue Cross and Blue Shield of Rhode Island will pay $20 million but avoid criminal charges after a federal investigation into improper lobbying of state legislators by its executives.
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Proposed reimbursement rules for hospitals that treat uninsured patients would cut millions of dollars from annual payments to Massachusetts hospitals that provide care for the majority of low-income and uninsured residents, according to new state projections.
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Insurance payments to victims of  Hurricane Frances are expected to reach $4.4 billion, making it  the fourth most costly storm in U.S. history, an insurance  industry group said on Thursday.
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SOMERVILLE -- As many as 100,000 Massachusetts homeowners would receive up to $870 a year in tax relief under a plan unveiled by Governor Deval Patrick yesterday that relies on the state's corporate community to foot the bill.
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THE REGION A Cape Cod citizens group is urging Insurance Commissioner Nonnie S. Burnes to disavow her predecessor's approval last year of hefty increases in the home insurance rates of Massachusetts Fair Plan, the state's insurer of last resort. Attorney General Martha Coakley is arguing in a lawsuit that the increases approved by then-commissioner Julianne M. Bowler, including a 25 ...
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Hurricane Charley could cost insurance companies at least $7.4 billion to pay for damaged homes and businesses, according to estimates released Wednesday by the Insurance Information Institute.
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Insurers are having their costliest year since 2001, when the September 11th terrorist attacks in the US led to $26.5 billion in catastrophe claims.
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A TV station and a cameraman accused of getting in the way of people fleeing a deadly Rhode Island nightclub fire have reached a tentative $30 million settlement with survivors and victimsâ relatives.
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In Rhode Island, will there be an answer to a major problem for the Internet phone industry?
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Insurers are braced to pay out at  least $5 billion in claims for devastation caused by Hurricane  Charley, making the storm the second most costly after  Hurricane Andrew, industry and government officials said on  Monday.
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Ernst &amp; Young LLP will pay $40 million to the US Federal Deposit Insurance Corp. and is finishing a settlement to pay $85 million to the Office of Thrift Supervision to settle a case involving
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Maryland's largest insurer of doctors will return to the state $84 million it has collected through a taxpayer-financed subsidy program to help pay malpractice premiums, Gov. Martin O'Malley (D) and state regulators announced yesterday.
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The commercial insurer reached an agreement with several states to pay $6 million to resolve an investigation into fees it paid to brokers.
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One day after Marsh &amp; McLennan Cos. ousted its chief executive, the nation&#39;s largest insurance broker said it will tell its clients exactly how much they are paying
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The owners of a Rhode Island nightclub where 100 people died in a fire set off by a band's pyrotechnics are suing their insurer to force it to cover the costs of their criminal defense.
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In a sign that Warren Buffett's new bond insurer may find eager customers, Rhode Island has asked the billionaire investor to bring the new venture to the state to help maintain and increase value of its bonds.
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A subsidiary of insurance giant Prudential Financial Inc. agreed yesterday to pay $600 million in fines and restitution to avoid being prosecuted on charges that it helped favored customers make improper mutual fund trades.