Alan Crater Cynthia Young The Citizens and Hanover Insurance Companies announced that Alan Crater has been named regional president of their downstate New York and New Jersey commercial lines divisions and Cynthia H. Young has been named president of the …
Vermont motor vehicles officials are preparing a mandatory four-hour classroom course for new motorcyclists. The state is working with the Motorcycle Safety Foundation, a national nonprofit organization in Irvine, Calif., to come up with the course. The foundation, which is …
Vermont Gov. James Douglas (R) has signed important workers’ compensation reform legislation (H. 632) supported by the insurance industry including the American Insurance Association (AIA). The new law reduces the statute of limitations for filing a claim from six years …
Two state senators want to make penalties for boating while intoxicated similar to those imposed for driving while intoxicated. Sens. John Campbell, D-Windsor, and Vincent Illuzzi, R-Essex-Olreans, said a proposal would probably be ready for the Legislature when it returns …
Michael Rounds was having trouble sleeping at night. An insurance agent by trade and a politician by passion, he had told close friends and associates that he would not run for the governorship of South Dakota. It was 2001, a …
Two recently released studies on trends in automobile insurance rates show a wide variation in the cost for coverage across the nation. At first glance, they also seem to show a big discrepancy in their findings. It turns out, however, …
ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, announced the appointment of Lawrence Cook as Vice President, ACE Captive Solutions. “ACE Captive Solutions is a centralized unit that supports all of ACE’s business units and …
Both the commercial and personal lines property/casualty markets grew significantly in 2002 creating opportunities for each of the three major distribution systems: independent agents and brokers, captive agents, and the direct response companies. The larger the market share in a …
Independent agents rule. This was again confirmed by the latest report from the Independent Insurance Agents & Brokers of America (IIABA) on market share. Independent agents dominate in commercial lines, writing more than 79 percent of the market nationwide. In …
Several eastern states are trying to clamp down on spreading staged accidents. Bills are being debated in New York, Massachusetts and the District of Columbia. The main point of attack: Make it a crime to be a so-called “runner” in …
