Vermont News

Farm and 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. Endorsements — Equine, CCC, Business Pursuit, First Party Milk …

House Passes Class Action Reform Bill; AAI Calls for Swift Senate Action

The U.S. House of Representatives approved the Class Action Fairness Act of 2001 (HR 2341) by a vote of 233 to 190 March 13. The Alliance of American Insurers called it a bipartisan show of statesmanship that will benefit consumers …

AIG Wants End to FAA’s War-Risk Coverage for Airlines

Maurice Greenberg, chairman and CEO of American International Group Inc., has undertaken efforts to persuade the Federal Aviation Administration to stop providing war-risk insurance for ground damage to U.S. airlines, according to both The New York Times and The Wall …

Argonaut Group Forms Captive

Argonaut Group Inc., a specialty insurance provider headquartered in San Antonio, Texas, has formed a new captive business unit, Captive Advisory Services Inc. The new unit will provide advice to commercial clients seeking to use captive insurance programs, and will …

CREDIT SCORING CONSIDERED IN 21 STATES

As of Feb. 12, a total of 21 states had introduced bills that would ban or restrict the use of credit-based insurance scoring according to the National Association of Independent Insurers. State legislatures considering various types of bills related to …

U.S. Airlines Seek Liability Cover

U.S. airlines have gathered together to form their own insurance company in efforts to cover their extensive liability, according to Reuters. The U.S. government arranged to take on the responsibility of insuring the airlines after the Sept. 11 attacks, when …

AgentSecure Picks up Endorsements from 7

AgentSecure, a member of the InsureZone family of companies that offers smaller and rural agents easy access to commercial products from highly rated carriers, has picked up endorsements from seven state-based organizations affiliated with the Independent Insurance Agents of America …

Twenty-One States Introduce Bills to Ban, Restrict Use of Credit-Based Scoring

As of Feb. 12, 2002, 21 states have introduced bills that would ban or restrict the use of credit-based insurance scoring according to the National Association of Independent Insurers. On Feb. 13, the Minnesota House Insurance Committee held a hearing …

U.S. Airlines Seek Liability Coverage

U.S. airlines have gathered together to form their own insurance company in efforts to cover their extensive liability, according to Reuters. The U.S. government arranged to take on the responsibility of insuring the airlines after the Sept. 11 attacks, when …

Alliance Pleased with State Progress on Producer Licensing

The Alliance of American Insurers is expressing pleasure at the progress of state legislatures in acting upon the National Association of Insurance Commissioners (NAIC) model producer licensing law so early in the new year. In New England, “the Massachusetts Legislature …