Vermont News

Alliance Urges Calif. Legislative Panel Not to ‘Reinvent Wheel’ on Privacy

Further burdening insurers with onerous state-specific privacy requirements will only hurt the California insurance market with no corresponding benefit to consumers, a representative of the Alliance of American Insurers told a state legislative panel recently. “There is no reason for …

AAI Urges Calif. Legislative Panel Not to ‘Reinvent Wheel’ on Privacy

Further burdening insurers with onerous state-specific privacy requirements will only hurt the California insurance market with no corresponding benefit to consumers, a representative of the Alliance of American Insurers (AAI) told a state legislative panel Wednesday. “There is no reason …

Truckers Occupational Accident

Nuts & Bolts: Baldwin Sadler Corporation has a Truckers Occupational Accident program that provides truck owner-operators who are under lease to a motor carrier, the opportunity to purchase occupational accident and disability income insurance that may not be available under …

Risk Retention Groups Owning Up to Success

Due to the restricted coverages available in the market today, risk retention groups (RRGs) have experienced a significant amount of rapid growth over the past year. At a time when the industry is facing what is perhaps the most serious …

Risk Retention Groups Owning Up to Success

Due to the restricted coverages available in the market today, risk retention groups (RRGs) have experienced a significant amount of rapid growth over the past year. At a time when the industry is facing what is perhaps the most serious …

SCOR Sets Agenda for “Back on Track” Plan; May Sell Bermuda Operation

Denis Kessler, who recently took over as the head of France’s SCOR Group, revealed additional measures to implement his “Back on track Plan” for the company at yesterday’s Board of Directors meeting. Among the measures approved by the Board were …

AAI Promotes O’Brien to V.P.

Frank O’Brien has been promoted to vice president, regional manager and counsel of the Alliance of American Insurers’ (AAI) New England Region. The promotion to vice president “recognizes Frank’s exemplary work in maintaining close relationships with members in his region,” …

Pa. Governor Approves NAIC Producer Licensing Model Act

Pennsylvania Gov. Mark Schweiker has approved the National Association of Insurance Commissioners’ Producer Licensing Act in a move applauded by the American Insurance Association (AIA). Language concerning departmental authority, appointment termination, and fee sharing took effect immediately on Dec. 6, …

Superior Access Adds National Market for D&O and EPLI

Richard Swoy, chairman of Superior Access Insurance of Irvine, Calif. announced the addition of an “A++ XV” Superior A.M. Best rated carrier offering professional liability coverage nationally. Quotes are available on-line and applications can be downloaded on a 24-hour basis. …

NAII Says 35 States Have Adopted ISO Mold Limitations

Thirty-five states have adopted an approved Insurance Services Office (ISO) mold limitation for homeowners coverage, which allows insurers to exclude coverage for loss caused by mold and wet or dry rot, unless the conditions result from a covered peril. According …