Vermont News

USDA Taps Former Head of Vermont Captive Insurance Association

Molly Lambert, former president of the Vermont Captive Insurance Association, has been appointed by the U.S. Department of Agriculture as rural development director for New Hampshire and Vermont. She was nominated for the post last year.

Recent Tragedy Forcing Mississippi to Face Its Poor Fire Prevention Record

The nine fire deaths in Starkville on Dec. 28, including six children ages 6 and under, at the Academy Crossing apartment complex is the worst fatal fire to strike Mississippi in modern history and could cause the state to rise …

People

New York-based insurance wholesaler Russell Bond & Co. has promoted Margaret J. Arnold to assistant vice president-controller. She is a 20-year veteran of the firm. In addition, the company has also promoted Derek Bucciferro to senior underwriter. He has 10 …

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. Stop All ID Fraud Market Detail: USX/S offers agents access to real ID theft protection …

Chartis Assumes Ownership of Vermont Ski Resort

The Stowe Mountain Resort in Vermont has a new owner. The resort’s previous owner, the American International Group, had transferred ownership to its P/C insurance division, Chartis. Ski operations, two golf courses and a new upscale lodge are now owned …

Captives Fuel Growth and Income for Agency Owners

In times like these, where the insurance industry is now in its fifth year of a soft market, the use of an agency captive insurance company can spark both revenue and profits to improve an agency’s overall financial performance. The …

People

Beecher Carlson expanded its National Energy practice by appointing Jacklyn Kearns senior vice president. Kearns has 28 years of insurance and risk management experience. She joins Charlie Pierpont in Beecher Carlson’s Darien, Conn., office. Prior to that, she served as …

2009 P/C Insurance Mergers, Acquisitions Large and Small

Large insurers AIG, Farmers and The Hartford made moves in 2009, as did large brokers Marsh, Aon, Willis, Gallagher, Brown & Brown, Hub and Wells Fargo. So, too, did, many regional insurers and Main Street agencies. Here are the headlines …

Montpelier Officials Happy Insurance Covers City’s 2004 Accounting Error

Two months after revelations about a $462,000 overpayment to a contractor thrust Vermont’s tiny capital into a round of finger-pointing and soul-searching over accounting and accountability, the mayor and city manager said last week there’s nothing to worry about — …

Harleysville Insurance Names Rooney As Inland Marine VP

Richard P. Rooney has been named vice president of inland marine for Harleysville Insurance’s Mid-Atlantic and Northeast regions. In this position, he oversees the company’s inland marine underwriting efforts in Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New …