Browsing Tag
Rhode Island
13 posts
Why Ted Shallcross III’s Rhode Island recognition comes at an important point in Amica’s insurance strategy
Amica Mutual Insurance Company Chairman, President and Chief Executive Officer Edmund “Ted” Shallcross III has been named among Providence Business News’ 40 Driving Forces in Rhode Island, adding a regional leadership distinction at a time when the mutual insurer is strengthening its surplus, expanding product offerings and pushing further into digital insurance. The recognition is largely symbolic from a financial standpoint, but Amica’s underlying operating results make the timing more significant than a conventional executive award.
Eastern Bankshares (EBC) posts record operating income of $106.5m, lifts wealth assets to $11.5bn
Eastern Bankshares posts record $106.5M operating income and a 5% buyback authorization, but CRE payoffs and rising deposit costs test the growth thesis.
Trump disaster funding lawsuit explained: Why states reject federal voting rules
Emergency grants now carry election conditions. A 26-jurisdiction lawsuit will test whether Washington can use FEMA money to rewrite state voting rules.
EQT closes $77m Blackline Midstream acquisition to expand New England propane logistics
EQT Corporation has added two major New England propane terminals to its integrated natural gas platform. The purchase price appears modest, but projected cash flow, terminal reliability and commercial optimisation must validate the economics.
US offshore wind lawsuit turns Trump energy policy into a high-stakes federalism fight
Trump’s fossil fuel pivot now faces a state lawsuit. Offshore wind has become a test of federal power, clean energy planning and investor risk.
Iran War Powers vote fails 47 to 50 one day before May 1 statutory deadline expires
Senate rejected the sixth Iran War Powers Resolution 47 to 50 on April 30. The 60-day statutory deadline arrives Friday, with Trump's legal authority unresolved.
Southern Glazer’s expands U.S. footprint with Horizon Beverage Group acquisition
Southern Glazer’s Wine & Spirits, a global leader in beverage alcohol distribution, has finalized its acquisition of Horizon…
Bally’s Corporation stumbles with major Q3 loss due to soaring operating costs
Bally’s Corporation has reported a staggering third-quarter loss, driven by surging operational expenses that have overshadowed its revenue…
Hasbro cuts 20% of jobs – Find out why the toy giant is in turmoil
In a stunning turn of events, Hasbro, the powerhouse behind childhood favorites like Monopoly and My Little Pony,…
Citizens Financial Group wraps up acquisition of DH Capital
Rhode Island-based Citizens Financial Group has wrapped up the previously announced acquisition of private investment banking firm DH…