Vermont News

Liberty Mutual Opens Captive Office in Vermont

Liberty Mutual Captive Services opened its second on-shore office in the past four months on January 20 when it gained approval to establish Liberty Mutual Management (Vermont) LLC in South Burlington. The principal representative for this Vermont business is Kathryn …

Aon Captive Services Team Makes Appointments

Aon Captive Services Group (ACSG), the global captive insurance services arm of Aon Corporation, has made a series of appointments and changes to its management team. Scott Frazier has been named group managing director of Aon Insurance Managers (AIM) Americas, …

AIA Opposes Vt. Underinsured Motorist Bill

The American Insurance Association on Tuesday called upon the Vermont State Legislature’s House Commerce Committee to reject a bill (H. 79) that would expand underinsured motorist coverage and increase auto insurance costs for consumers in the state. The bill would …

Best Adds Pair of New England States to Filings

Best’s State Rate Filings now includes Rhode Island and Vermont on its roster of available states. The product, which covers activities in the U.S. representing nearly 95 percent of the property/casualty premiums written each year, provides insurance industry professionals with …

Court Knocks Out Mass. Limits on Banks’ Sales of Insurance

Banks should have an easier time selling insurance in Massachusetts thanks to a recent federal court ruling granting supremacy to federal rules over more restrictive state laws governing banks’ sales of insurance products. The Massachusetts Bankers Association successfully challenged state …

People & Places

Dr. David D. Wood Charlotte, N.C.-based insurance investment banking firm LMC Capital LLC has named Dr. David D. Wood to its advisory board. Wood, the Joseph F. Freeman Distinguished Professor of Insurance at Appalachian State University, has received ASU service …

Whitton Named SVP of New Beecher Carlson Holdings Global Property Practice

Barry Whitton has been appointed senior vice president of Atlanta-based Beecher Carlson Holdings Inc.’s new Global Property Practice. Whitton will develop the Global Property Practice and will focus on providing superior client service and technical expertise for clients. Whitton has …

Tower Group Expanding to States Throughout East Coast, Including N.J., Conn., Mass. and Md.

Tower Group, Inc. announced that it entered into a stock purchase agreement today to acquire North American Lumber Insurance Company, a shell company with 17 state licenses, nine of which are active in the following states: New Jersey, Connecticut, Massachusetts, …

Hal Conditt Joins Beecher Carlson’s Nashville Office As V.P of Sales

Hal Conditt has joined Beecher Carlson Holdings Inc. of Atlanta, Ga. as vice president of sales and business development in the company’s Nashville office. Conditt will focus on large and middle market account sales. Conditt has 13 years experience in …

Executive Liability Team Based At Beecher Carlson’s N.Y. Office

Atlanta-based Beecher Carlson Holdings Inc. has formed a Executive Liability Practice at its New York office anchored by Steven Anderson, Jack Flug, John Kerns, Jeff Lattmann and Hank Whiting, all former Marsh executives. They join another former Marsh colleague, Jane …