Vermont News

Zurich Adds Environmental Office for New England Region

Zurich North America Commercial’s unit providing environmental and design professional insurance solutions has opened an office in Boston to serve customers in its New England region. Zurich’s New England region includes Massachusetts, Rhode Island, Vermont, New Hampshire and Maine. Zurich …

Katrina Prompts N.H. Officials to Review State’s Disaster Preparedness

The scope of the destruction and despair in the South has New Hampshire legislators poised to ask plenty of questions about how prepared the state is to handle unspeakable disaster. While agreeing the state is better prepared to handle disasters …

Budget Office Figures Federal Asbestos Fund Too Small to Pay All Claims

The Congressional Budget Office has estimated that the federal $140 billion asbestos compensation fund being considered by Congress could be too small to cover claims over the next 50 years. The Fairness in Asbestos Injury Resolution Act was written to …

News Briefs

MASSACHUSETTS Fed Probe Firing of MassMutual CEO: Federal prosecutors are investigating the conduct that led to the firing of former MassMutual Insurance Comany chief executive Robert J. O’Connell, the company disclosed in court documents. The company acknowledged the federal probe …

New Markets

Preferred Club Program Nuts & Bolts: Venture Insurance Programs has expanded its Preferred Club Program through an exclusive program alliance with The Hanover Insurance. Co. Effective immediately, The Hanover Insurance Company, rated “A-” (Excellent), Financial Size Category XII by A.M. …

Budget Office Figures Federal Asbestos Fund Too Small to Pay All Claims

The Congressional Budget Office has estimated that the federal $140 billion asbestos compensation fund being considered by Congress could be too small to cover claims over the next 50 years. The Fairness in Asbestos Injury Resolution Act was written to …

Hotel Crisis Management Coverage

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

DOCTORS PROTEST WORKERS’ COMP PAYMENTS:

Doctors are protesting the state’s attempt to freeze their workers’ compensation payments at 1995 levels. The Vermont Medical Society maintains that the low rates are hurting doctors–and making it difficult for them to take on workers’ compensation injury cases. Steve …

Court Permits Vt. Sugarmaker Suit Alleging Harm from Global Warming

A Sharon, Vermont maple syrup producer and a Burlington law firm have won a key initial round in a lawsuit that environmental groups say marks the first time a federal court has allowed someone to sue over alleged harm from …

The Hartford Enhances Orthotic/Prosthetic Program

The Hartford Financial Services Group, Inc. has introduced a new Supplemental Property Insurance Coverage Endorsement (SPICE), The Hartford’s premier Orthotic and Prosthetic program, for practitioners, manufacturers and distributors of custom-fit orthotic and prosthetic devices. The endorsement complements already existing general …