Vermont News

Calif. Nonprofits Charitable Risk Pool Plans National Expansion

For more than a decade, National Insurance Alliance of California (NIAC) has borne the unique distinction of being a nonprofit organization which insures other nonprofit groups in the state of California. Now, thanks to a $5-million grant from the David …

W.R. Berkley Management Announces Promotions at Acadia, Union Standard

W.R. Berkley Corp. has appointed William C. Thornton president of Acadia Insurance Company. Thornton was president of Union Standard Insurance Company, another Berkley company, since 1990 and has thirty years’ experience in the insurance business. Thornton will be succeeded at …

Banknorth Enters Western Massachusetts with Agency Purchase

Banknorth Group will soon provide insurance products and services in western Massachusetts. The bank’s insurance subsidiary has reached a definitive agreement to acquire the Palmer Goodell Insurance Agency of Springfield, Mass. The agency will become part of Morse, Payson & …

State Farm to Return Over $1 Billion to Policyholders

State Farm Mutual Automobile Insurance Co. will pay dividends of just over $1 billion to auto insurance policyholders in 49 states, the District of Columbia and three Canadian provinces. The return of premiums, approved yesterday by the State Farm Mutual …

Vermont Ranked Third in World for Domiciled Captives

A.M. Best’s Captive Directory 2000 Edition now ranks Vermont third in the world, surpassing Guernsey for captives domiciled behind Bermuda and the Cayman Islands. Vermont is home to more than twice as many captive insurance companies as all other U.S. …