Vermont News

Allmerica CEO: Mass. Personal Lines Capacity Woes Could Spread to Other Lines

Massachusetts has a capacity crisis not just an auto market crisis which is being played out most vividly on Cape Cod and could spill over into other lines if more and bigger companies are not attracted to the state, according …

Arkansas’ Pickens Recommends CSLN

Arkansas Insurance Commissioner Mike Pickens issued a recommendation to all licensed property/casualty insurance companies, the National Association of Insurance Commissioners, trade associations and other interested parties concerning an innovative tool to collect past due child support. Pickens said the tool …

IIABNY Survey Finds Most Northeast In-Home Businesses Vulnerable

A survey, conducted by the Independent Insurance Agents & Brokers of New York Inc, found that “tens of thousands of home-based businesses in New York and eight other Northeast states are needlessly at risk because their owners thought they did …

Vermont House Advances Workers’ Comp Reforms

The Vermont House this week gave preliminary approval to a series of measures designed to lower workers’ compensation insurance premiums. The 101-39 vote came after critics of the bill complained that it would hurt some workers more than it would …

Pinnacle, MSA Group Unveil New Agency Education Institute

Pinnacle Training & Consulting is partnering with The Main Street America Group to make available a new series of personal and commercial lines training programs to independent agents. The new programs comprise: — CSR and New Producer Academies: One-week, personal …

PIRRGA Obtains Regulatory Approval to Underwrite Med-Mal Insurance in Florida

Pediatricians Insurance Risk Retention Group of America (PIRRGA), a physician-owned and governed medical malpractice insurance company, has received notification of registration from the Florida Office of Insurance Regulation to begin underwriting medical malpractice insurance. The company, legally domiciled and licensed …

VERMONT GETS COMP PACKAGE:

As promised, Vermont Gov. Jim Douglas has introduced legislation to make changes in the state’s workers’ compensation system. The reform package, H.632, contains provisions for higher penalties for fraud, incentives for return-to-work, mandatory medical case management, shortening of the time …

NEW JERSEY ALLOWS GAY BENEFITS:

New Jersey has become the fifth state to recognize same-sex partnerships. Under the new law, domestic partners will gain access to medical benefits, insurance and other legal rights. New Jersey also will recognize such partnerships granted in other states. The …

Underwriting the Dream Home

Whether it’s called custom, upscale, mansion or high-value, a dream home requires special handling from property insurers. High-value homes represent a growing segment of the more than 81 million single-family homes in the U.S. and Canada. These special homes are …

Vermont Renews Ed. Contract with Experior

Experior Assessments, LLC announced that the Vermont Department of Banking, Insurance, Securities and Health Care Administration has re-awarded Experior(R) a two-year contract for the administration of Vermont’s insurance continuing education program. “We are very pleased to have the opportunity to …