Vermont News

Risk Retention-The Growing Role of the Alternative Market

How do I insure thee? Let me count the ways.” With apologies to Elizabeth Barrett Browning, that question’s become increasingly meaningful for risk managers, insurers, agents, brokers, consultants and investment banks. Alternative markets, alternative risk transfers, parallel markets—all describe different …

Outstanding CSRs Picked for 2002

The Society of Certified Insurance Service Representatives (CISR) and the Society of Certified Insurance Counselors (CIC), both headquartered in Austin, have selected the state winners of the 2002 Outstanding CSR of the Year Award. Tammy Crider captured the honor in …

Alternative Markets Offer a Variety of Risk Management Options

How do I insure thee? Let me count the ways.” With apologies to Elizabeth Barrett Browning, that question’s become increasingly meaningful for risk managers, insurers, agents, brokers, consultants and investment banks. Alternative markets, alternative risk transfers, parallel markets—all describe different …

S&P’s Lowers Eastern Casualty Co. Ratings to ‘Bbpi’

Standard & Poor’s has lowered its counterparty credit and financial strength ratings on Eastern Casualty Insurance Co. to double-‘Bpi’ from triple-‘Bpi’ citing a decline in capitalization and weak profitability and liquidity. Based in Marlborough, Mass. the stock company writes mainly …

New Market: Condo/Homeowner Assoc., Property Management Firms, Managers

Safe Harbor Surplus has available programs for condo/homeowner associations, property management firms and property managers. Condo coverages are for D&O, EPLI, fidelity, umbrella and workers’ compensation. Coverages for property management are BOP, D&O, EPLI and fidelity. Coverages for property managers …

Big “I” Markets Extends Product Offerings

Big “I” Markets, an online market-access program created by the Independent Insurance Agents & Brokers of America (IIABA), is now offering short and long-term event liability insurance that association members in 36 states and the District of Columbia can access. …

AIG Establishes Captive Insurer in Vermont

American International Group announced that “the American International Companies have introduced a domestic sponsored captive licensed in Vermont, National Union Fire Insurance Company of Vermont, to provide alternative risk management solutions for U.S. exposures.” Charles Dangelo, AIG VP -Domestic General …

IIABA Asks Remaining States to Adopt Producer Licensing Reforms

With the signing of insurance producer licensing reform legislation by Tennessee Gov. Don Sundquist and the adoption of a similar proposal by the South Carolina legislature last week, a super-majority of 46 states have advanced agent and broker licensing reforms …

Farm & Ranch Package

Nuts & Bolts: American Reliable Insurance Company has available a program for farm and ranch. General agency or direct retail agent appointments. Also write excess policy and farm administrative certificate policy. Dollars: Policy limits of $1,000,000/$2,000,000; deductibles of $250, $500, …

School & Municipality Programs

Nuts & Bolts: Professional Underwriters reintroduced the Textbook Insurance Program, for public and private schools, and the Community Works Insurance, for municipalities and public entities. The Textbook Insurance Program was designed specifically for public and private schools, offering a complete …