Vermont News

NCOIL President Announces Committee Leaders

Florida State Sen. Steven A. Geller, recently elected president of the National Conference of Insurance Legislators (NCOIL), today named several leading state lawmakers as chair of key NCOIL committees and subcommittees in 2004. The appointees will serve until the end …

ProMutual Comments on Best’s ‘A-‘ Rating Reaffirmation

Boston-based ProMutual Group, the largest provider of medical malpractice insurance in New England, has commented favorably on the recent reaffirmation of its “A-” (Excellent) rating by A.M. Best. The bulletin noted that Best had said the rating is based on …

Insurance Journal, InsuranceTimes Team Up for Northeast Publication

San Diego-based Wells Publishing Inc., publisher of the Insurance Journal (IJ) magazine and Online Daily Newsletter, has merged with the InsuranceTimes, a Boston-based insurance industry publication for the northeastern U.S. InsuranceTimes will be known as Insurannce Journal East, one of …

Schinnerer Expands EdChoice to Include GL Coverage

EdChoice, Schinnerer’s insurance program for small to mid-size colleges and universities, has added another line of coverage. General liability (GL) coverage for exposures such as corporal punishment, athletics or sports activities, abuse and molestation, host liquor, as well as limited …

Excess Flood Coverage

Nuts & Bolts: AIG Private Client Group, a division of the property and casualty subsidiaries of American International Group Inc. (AIG), has expanded its Excess Flood Coverage to 17 additional states across the country, bringing the total to 32 states …

Alliance Reports Alaska Privacy Regulations Still Troublesome

The Alaska Division of Insurance’s proposed regulations regarding privacy of consumer financial and health information, while improved from the original proposal, are still not in sync with state law, according to the Alliance of American Insurers. Rey Becker, vice president …

Best Lowers CRP Ratings to ‘B’

A.M. Best Co. announced that it has downgraded the financial strength ratings to ‘B’ (Fair) from ‘B+’ (Very Good) of Bermuda- based Commercial Risk Reinsurance Company Limited and its U.S. subsidiary, Commercial Risk Re-Insurance Company of Burlington, Vt. Both companies …

Commercial Risk Re Downgraded

A.M. Best has downgraded the financial strength ratings to “B+” (very good) from “B++” (very good) of Commercial Risk Reinsurance Co. Ltd., based in Bermuda, and its U.S. subsidiary in Vermont, Commercial Risk ReInsurance Co. Both ratings have been removed …

AIG Private Client Group Adds to Excess Flood Coverage

AIG Private Client Group, a division of the property and casualty subsidiaries of American International Group, Inc. (AIG), has expanded its Excess Flood Program to 17 additional states across the country, bringing the total to 32 states nationwide. Since AIG …

New Risk Retention Group Formed to Insure Companies in the Alarm Industry

Faced with a hard insurance marketplace and eager to offer an alternative source of insurance to its current and prospective members, the National Burglar & Fire Alarm Association (“NBFAA”) recently turned to the law firm Buchanan Ingersoll PC for a …