Vermont News

InsureZone’s AgentSecure Adds Seven New Customers

InsureZone, the nationwide “clicks and mortar” insurance agency that enables purchases of small commercial insurance through multiple channels, announced that AgentSecure — its Web-enabled market-access program for smaller and rural commercial agents — has picked up seven new exclusive co-marketing …

InsureZone Product Gets Co-Marketing Endorsements from IIAA Organizations in 5 States August 23, 20

InsureZone, the “clicks and mortar” insurance agency that offers access to insurance products through multiple channels, announced that AgentSecure, its web-based market-access program for small and rural commercial agents — has picked up new exclusive co-marketing endorsements from Independent Insurance …

Hardening Market Heralds Rush to Alternatives

During the last hard market, much of corporate America wasted little time in stepping up the search for risk transfer alternatives to traditional commercial insurance. The current hard market appears to be no different if rates, premium growth and expanding …

‘A-‘ for NIAC

A.M. Best Co. assigned an “A-” financial strength rating (FSR) to Nonprofits’ Insurance Alliance of California (NIAC) and “B++” ratings to Alliance of Nonprofits for Insurance, Risk Retention Group (ANI-RRG), Vermont, and National Alliance of Nonprofits (NANI), Vermont. All companies …

InsuranceNoodle Joins with Woolard Gioia Blundell Associates to Develop Products

InsuranceNoodle, an online distributor of small business insurance through independent agencies, has engaged Woolard Gioia Blundell Associates as a strategic partner to assist in developing specifications for a range of new products to complement its current line-up of commercial insurance …

A.M. Best Assigns Rating to NIAC and Affiliated Companies

A.M. Best Co. assigned an “A-” (Excellent) financial strength rating to Nonprofits’ Insurance Alliance of California (NIAC) and “B++” (Very Good) ratings to Alliance of Nonprofits for Insurance, Risk Retention Group (ANI-RRG), Vermont, and National Alliance of Nonprofits (NANI), Vermont. …

Schiff Questions Liberty Demutualization – Heads Group Offering $4.2 Billion

In the Friday edition of Schiff’s Insurance Observer editor David Schiff announced the formation of the Liberty Mutual Defense Fund (LMDF) whose goal is “to acquire Liberty on better terms than those offered to Liberty’s policyholders” under the present demutualization …

Midland Subsidiary and Amica Mutual form Strategic Alliance

The Midland Company, based in Cincinnati, Ohio announced that American Modern Insurance Group, its wholly owned specialty insurance subsidiary, has formed a strategic alliance with Amica Mutual Insurance Company, the nation’s oldest mutual insurer of automobiles. The alliance allows Amica …

NAMIC Survey Shows Most States Will Not Meet GLBA Deadline

Less than half of the states are likely to have their own privacy rules in place by the July 1 deadline imposed by the Gramm-Leach-Bliley Act (GLBA), a survey conducted by the National Association of Mutual Insurance Companies (NAMIC) shows. …

Vermont Approves Two Captive Initiatives

In celebration of its 20th anniversary as a captive domicile, Vermont marked the occasion with passage of two important enhancements to its captive statutes. Both chambers unanimously approved the two initiatives–one a series of technical amendments to the sponsored captive …