After 205 Years, R.I.-Based Providence Washington to Close Its Doors

June 1, 2004

  • June 1, 2004 at 9:09 am
    Deborrah Munson says:
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    It is tragic to see a company with a significant history such as PW suffer such a failure. As consumers we must be aware of the impact of the loss of any small company on us all. THEY are the companies that contribute to a competetive u/w market. THEY are the thorn in the lions paw.
    Let’s hope THEY survive.

  • June 1, 2004 at 2:18 am
    Dennis Charland says:
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    Is this not another example of the “Walmart-ing of America”. Do you remember major companies like INA, AETNA, Commercial Union, the Home, and Wassau? How about Rhode Island Companies like American Universal, Narraganset Bay, Pawtucket Mutual, and now add Providence Washington. Which companies will be left in another 20 years?

  • June 1, 2004 at 4:27 am
    Kenneth McCoy says:
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    This is really a sad time for all the quality people who make up PW. I have full confidence that management will honor their obligations and assist the consumer in providing replacement markets.

  • June 1, 2004 at 6:00 am
    Nick Steffey says:
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    I would hope that the Department of Business Regulation in conjunction with the company itself will continue their good work in finding a potential buyer for this company.

  • June 3, 2004 at 12:47 pm
    Larry Massey says:
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    Dennis mentioned American Universal in his comment. It brings to mind the question regarding PW: where did all the money go?

  • June 7, 2004 at 11:43 am
    Hiatt Knapp says:
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    As someone who worked at PW for many years I see their demise as indicative of nothing other than poor management. It suffered from a senior staff that sought self promotion over good business practices. They also spent millions chasing the technology rabbit and implementing technologies too expensive and inappropriate for the size of the company. Enron on a smaller scale.

  • June 7, 2004 at 12:06 pm
    Al Wheatman says:
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    I’ve been in the business over 54 years and the loss of PW is a very sad. So much for tradition.

  • June 8, 2004 at 9:52 am
    Bill Jennings says:
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    What a terrible shame for this to happen to a company with such a storied history. As an outsider who worked for some of this mnmgnt team with another carrier (which is no longer), I would assume that much of it’s demise was due to poor management as was stated earlier. I’m guessing the officers jumped ship a few months ago. My question is, who would hire these folks after running company after company into the ground?

  • June 9, 2004 at 11:32 am
    Dennis DeFeo says:
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    The failing of a company is the result of the management. Others in the same space are not only surviving but thriving. I can possibly assist some of the Prov Wash employees in finding other opportunities. Email me at rdresources@aol.com

  • June 9, 2004 at 11:32 am
    Charlie in Philadelphia says:
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    Reliance, Kemper, GRE, Legion, PHICO, General Accident. These were substantial companies, some historic. What’s going on here?

  • June 14, 2004 at 10:14 am
    Billy Davis says:
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    Small company, “thorn in lions paw”? You cannot be serious. PW burned some bridges here in VA. I would have to agree w/ the earlier post by an ex-PW employee and their view on management. Some funny stuff came from that place. As for those who hope it will survive, it will, only it will be called One Beacon now. Probably for the best as OB/WM are good at what they do-re-tooling unprofitable companies.

  • April 11, 2016 at 9:02 am
    james heavey says:
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    i would like to find out who is the owner of the building as am an Architect that work on the drawings and have a detailed drawing for the tower. thank you

  • May 17, 2016 at 2:10 pm
    Jose says:
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    This was my first job. At 14 yrs of age, I was exposed to the insurance industry and I loved it. I am the agent I am now because of that exposure and it’s sad that this company went under. I miss those days and the parties at the Biltmore. It was a great company, but it’s just too bad that it couldn’t adapt in order to survive.

    • November 4, 2018 at 8:00 pm
      Jackson says:
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      Is Providence Washington insurance group of companies still closed today 2018 has someone else taken over

  • May 17, 2016 at 2:12 pm
    Jose says:
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    This was my first job. At the age of 14 I was exposed to the insurance industry and it became my career. I miss those days, including the parties at the Biltmore. Its sad and nostalgic that the company couldn’t adapt in order to survive.

  • May 31, 2019 at 8:11 pm
    pam Armstrong says:
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    My father, Wilfred ( Bill) Howland was executive Vice President until ?1968



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