Vermont News

University of Vt., Captives Launch Training Program

The University of Vermont has joined a captive insurance industry group to launch a new educational program to serve the industry, the first of its kind in the nation. “Because the captive industry has grown so quickly, companies have had …

DOT Reports Low Highway Fatality Rate for 2003

The fatality rate on the nation’s highways in 2003 was reportedly the lowest since record keeping began 29 years ago, the U.S. Transportation Secretary Norman Mineta announced. The number of crash-related injuries also dropped to a historic low in 2003. …

Harvard Pilgrim, UnitedHealth to Merge Networks

Harvard Pilgrim Health Care and UnitedHealth Group said they will combine Harvard’s regional network of doctors and hospitals with UnitedHealth’s national network in a partnership aimed at national, self-insured employers. Combining Harvard Pilgrim’s network of 22,000 doctors and 130 hospitals …

A.D. Davis now Banknorth in New Hampshire

A well-known name in the insurance agency business in New Hampshire is no longer. A. D. Davis Insurance Agency, the New Hampshire affiliate of Banknorth Insurance Group, announced that it will change its name to Banknorth Insurance Agency effective August …

NAMIC Issues P/C Legislative Analysis

One-fifth of the 251 property/casualty bills enacted in the states so far this year relate to the regulation of automobile insurance, according to an analysis by the National Association of Mutual Insurance Companies (NAMIC). “A total of 23 states approved …

ProMutual Program Targets Baby Delivery Emergencies

ProMutual Group, the Boston-based provider of medical malpractice insurance in the Northeast, has launched a new patient safety program aimed at reducing the incidence of shoulder dystocia. Shoulder dystocia is a birth condition in which a baby’s shoulder is blocked …

Senate Passes Confidential Medical Error Reporting System

Legislation approved by the U.S. Senate would set up a confidential, voluntary reporting system under which doctors and hospitals could disclose information on medical errors without fear of legal repercussions. Sponsors of the legislation, led by Sen. James Jeffords, I-Vt., …

Vermont Supreme Court Rules Intentional Sexual Harassment Not Covered Under Liability Policies

The Vermont Supreme Court on July 9 rejected an effort by two women to collect from insurance companies covering the home and business of a man they said sexually harassed them. Cindy Serecky and Shannon Gioia were employees of a …

R.I.’s Beacon Mutual to Expand into Other States for Workers’ Comp

Beacon Mutual Insurance Co., Rhode Island’s largest workers’ compensation insurance writer that was formed in 1990 as a state fund, is taking steps to write coverage outside of the state. The Warwick company has put up $20 million to license …

Veto of Vt. UIM Bill Upheld:

Vermont House members gathered for a brief reunion a bit less than a month after they thought they had finished for the year, voted to sustain Gov. James Douglas’ veto of a bill relating to car insurance, and went home. …