Vermont News

Brooke Adds 27 Franchises in Sept.

Brooke Franchise Corporation added 27 new franchise locations in September in California, Colorado, Florida, Georgia, North Carolina, Oklahoma, Texas, Vermont, and Washington, receiving approximately $4,200,000 in initial franchise, consulting and seller fees. Brooke Franchise Corporation, based in Overland Park, Kan., …

R.I. Grants 2.3% Hike in ProSelect’s Rates for Physicians

Medical insurer ProSelect has received approval for an average 2.3 percent increase in physicians’ and surgeons’ medical malpractice insurance rates in Rhode Island. However, the insurer lost its bid for an increase in rates for hospitals. ProSelect had submitted filings …

Guy Carpenter & Company Inc., a global risk and reinsurance specialist and a part of the Marsh & McLennan Companies, announced that Jack Snyder has joined the company as a managing director and manager of business development for the Americas, …

New Markets

Residential Contractors General Liability Nuts & Bolts: Quadrant Insurance Managers added two new contractor programs to be based out of its Texas office: residential homebuilders/contractors general liability and roofing contractors general liability. The programs are available in Texas on a …

People & Places

Jack Snyder Guy Carpenter & Company Inc., a global risk and reinsurance specialist and a part of the Marsh & McLennan Companies, announced that Jack Snyder has joined the company as a managing director and manager of business development for …

Stand-Alone Terrorism

Nuts & Bolts: Insurance Company of the West announced it will offer admitted stand-alone property terrorism coverage for most states. Additional states, including New York, New Jersey, Vermont, Connecticut, Dela-ware, Maine, Massachusetts, New Hampshire and the District of Columbia will …

Court: Accountant Responsible for Full $183 Million Judgment From Ambassador Collapse

Accounting giant PricewaterhouseCoopers LLC is fully responsible for paying a $182.9 million judgment stemming from a jury’s finding that a predecessor company was negligent in auditing Ambassador Insurance Co., which collapsed more than 20 years ago, a federal judge has …

Wilmington Trust Expands Captive Insurance Management Services

Wilmington Trust, a provider of specialized management and fiduciary services to corporations worldwide, is expanding the reach of its captive insurance management services. Wilmington Trust entered the growing captive insurance management business in July when it acquired Charleston Captive Management …

N.Y. ‘Fire-Safe’ Cigarette Law Credited with Saving Lives

Annual deaths from fires blamed on cigarettes have fallen by a third in New York, which was the first state that required tobacco companies to sell self-extinguishing cigarettes, a state official said recently. Last year 28 people died in New …

Vt. Eases Red Tape For State’s Financial Firms With Katrina Customers

Vermont financial providers that have been displaced due to Hurricane Katrina, or have customers who have been displaced, will find it easier to conduct business with one another thanks to a regulatory order from the state. John P. Crowley, Commissioner …