Vermont News

Ratings: United Educators, North Country, Stonebridge, Farmers Union, Park, So. United Fire

A.M. Best Co. has upgraded the issuer credit rating (ICR) to “a+” from “a” and affirmed the financial strength rating of ‘A’ (Excellent) of United Educators Insurance, a Vermont-based Reciprocal Risk Retention Group (UE), with stable outlooks. The ratings reflect …

Vermont Commissioner Resigns, Deputy Named as Replacement

Deputy Commissioner Mike Bertrand will be appointed insurance commissioner in Vermont, after Paulette Thabault resigned from that position earlier this week. Gov. Jim Douglas said Thabault will take a position with CVS Caremark MinuteClinic. Bertrand, who currently serves as deputy …

Ratings: Evergreen RRG, Farmers Mutual Branch County, Mid-Continent, Ophthalmic Mutual

A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of’ B+’ (Good) and issuer credit rating (ICR) of “bbb-” of Vermont-based Evergreen USA, Risk Retention Group, Inc. Best also affirmed the …

How to More Effectively Sell Insurance in Today’s Economy

Agency Employs Objective Data on Producers’ Skills Paired with Individualized Sales Training In the current economy, the pressure is really on. It’s not enough to just sell the product – you want your sales people to be best equipped to …

Business Moves

W.R. Berkley, Verus Underwriting Connecticut-based insurer W. R. Berkley Corp has launched Richmond, Virginia-based Verus Underwriting Managers, a subsidiary that will provide property and casualty excess and surplus lines coverage and underwrite on behalf of W. R. Berkley Corp. Dale …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Allied Health and Medical Pros Market Detail: CRES Insurance Services MedSurance A&M is an insurance …

New Jersey Targeting Growth in Captive and Reinsurance Markets

New Jersey Insurance Commissioner Tom Considine praised new, bipartisan legislation that would grow the reinsurance market and create a captive insurance market in the Garden State. The captive insurance bill was put forward in the Assembly by Democrat Gary Schaer, …

Worker Misclassification Bill Advances in Vermont

Vermont lawmakers appear poised to pass a bill cracking down on misclassification of workers by employers looking to avoid paying workers’ compensation premiums and unemployment insurance tax. Backers of the measure — which has been agreed to in a legislative …

Vermont Lawmakers to Ban Driving While Texting

Vermont lawmakers want to put an S-T-O-P to drivers who text. Under a deal reached Tuesday between lawmakers, texting by drivers of any age will be banned, starting this summer. And the bill that says so goes a step further …

Ratings Roundup: United Fire, Tall Pines, Safety Group, Plateau

A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings of “a” of United Fire & Casualty Group (UFCG) and its five P/C members, which …