Vermont News

Vermont School Had $200K in Winter Flood Damage

School officials in Vermont say winter flooding at a Bennington elementary school caused $200,000 in damage. Officials say the Jan. 17 water main break at the Molly Stark Elementary School affected 17 rooms and closed the school until Jan. 28. …

Buffett Defends Goldman Sachs

Warren Buffett Saturday launched a strong defense of Berkshire Hathaway Inc.’s $5 billion investment in Goldman Sachs Group Inc. and the investment bank’s embattled chief executive, Lloyd Blankfein. Speaking at Berkshire’s annual meeting before an estimated 40,000 shareholders, Buffett’s forceful …

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 …

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. Insurance for Nonprofits Market Detail: Alliance of Nonprofits for Insurance, Risk Retention Group (ANI-RRG) insures …

PMA Cos. Announces Expansion in New England

Pennsylvania-based PMA Cos. announced plans to expand its regional hub in Connecticut, a move the insurance services and risk management firm says will help grow its presence in Connecticut, Massachusetts, Rhode Island and Vermont. The expanded New England footprint will …

Survey Shows Vermont Companies Safer than Peers

Vermont’s Department of Labor says companies enrolled in a state voluntary worker safety program have fewer reports of job-site injuries and illnesses than the national average. The Burlington Free Press reports two performance measures are tracked: the work site’s total …

Why Captive Solutions Might Grow Your Hospitality Book, and Revenue Too

Compare the estimated $30 billion in after tax profits that the U.S. property and casualty marketplace will likely book for 2009 to the year end results of the hospitality industry, whose lodging (occupancy near 56 percent), restaurants and entertainment segments …

Maine, Vermont Tops for Low Car Insurance

People who live in northern New England have some of the lowest car insurance rates in the country. A survey by Insure.com says the lowest rates are found in Maine, followed by Vermont. New Hampshire and Massachusetts also made the …

Bill Restoring Jobless Aid, Flood Insurance Clears Senate Hurdle

A measure that would restore lapsed jobless aid for hundreds of thousands of Americans and reauthorize the federal flood insurance program cleared a hurdle in the Senate Wednesday, clearing the way for passage later in the week. By a vote …

Study Says Northeast Seeing More, Fiercer Rainstorms

The Northeast is seeing more frequent “extreme precipitation events” in line with global warming predictions, a study shows, including storms like the recent fierce rains whose floodwaters swallowed neighborhoods and businesses across New England. The study does not link last …