Vermont News

Toronto Bank Buying Majority of Banknorth

Officials at Banknorth Group, Inc. (NYSE: BNK) of Portland, Maine, and TD Bank Financial Group (TDBFG) of Toronto announced that they have signed a definitive agreement for TDBFG to acquire 51 percent of the outstanding shares of Banknorth for approximately …

Stonebridge Life Insurance Company Qualifies as Newest Member of Ethics Standards Association

Stonebridge Life Insurance Company, domiciled in Rutland, VT, with administrative offices in Plano, TX, has qualified to become a member of the Insurance Marketplace Standards Association (IMSA), the national organization dedicated to promoting high ethical standards in the marketing, selling …

NAMIC Launches Web Site for State Election News

The National Association of Mutual Insurance Companies (NAMIC) has launched a new Web site, www.stateelections2004.com, to help provide insurance professionals with information about this fall’s state elections. The new Web site is similar to one that NAMIC produced to monitor …

Vermont Counts the Ways It Loves Captive Insurers

Vermonters from the governor on down are not shy about expressing their affection for the state’s captive insurance industry. At the recent 19th annual conference of the Vermont Captive Insurance Association (VCIA) in Burlington, state officials told the audience of …

Short Term Medical Insurance: Low Cost, Sold Online, Gaining in Popularity

Short term medical insurance has become the most popular type of health insurance purchased online by individuals. The growth is driven by low cost and easy online enrollment. In addition, insurers have taken steps to make short term medical insurance …

Sweet Success

Only a few months ago, insurance captives were a topic of some criticism in the presidential primaries. But after Vermont Governor Dean was eliminated, candidates stopped talking about them and, come to think of it, about Dean. While the campaign …

Captive Industry Makes Green Mountain State Even Greener

Vermonters from the governor on down are not shy about expressing their affection for the state’s captive insurance industry. At the recent 19th annual conference of the Vermont Captive Insurance Association (VCIA) in Burlington, state officials told the audience of …

VERMONT WINDSHIELDS FIXED:

A new pilot project will give up to $250 to help cover the cost of a smashed car window as long as the smashing took place in Burlington, Vt. The victim, who needn’t live in Burlington, must have a household …

People and Places

Thomas Tierney William Brooks Heather Philbin The Vermont Mutual Insurance Group, based in Montpelier, has elected Thomas J. Tierney, currently president and chief executive officer of the group, to be chairman of the board. The election took place at the …

Vt. Crime Project Pays for Windshield Repairs

A new pilot project in Burlington, Vermont will give up to $250 to help cover the cost of a smashed car window as long as the smashing took place in the city. The victim, who needn’t live in Burlington, must …