Vermont News

Ratings Recap: Beazley (US), Prism

A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Beazley Insurance Company, Inc. (BICI), which is based in Farmington, Conn. The outlook for both ratings is stable. “These ratings reflect …

Sheffield to Tout Regulatory Role in Georgia Insurance Commissioner Race

Attorney Maria Sheffield has become the latest candidate to enter the Republican primary to be the next insurance commissioner in Georgia. She is one of several candidates hoping to succeed current Insurance Commissioner John Oxendine, who is running for governor. …

Willis Appoints Margrett COO – Global Captive Practice

Willis Group Holdings announced that Pauline Margrett has been appointed Chief Operating Officer for its Global Captive Practice. She is based in London and will report to Tom Coughlin, the Global Captive Practice leader. The announcement notes that Margrett’s career …

ACE Names Talbott Executive Vice President – International Property

The ACE Group of insurance and reinsurance companies has announced the appointment of Derek Talbott as Executive Vice President, International Property. He will be responsible for the management and performance of ACE’s international property insurance business in Europe, the Middle …

Democrats’ Bill Would Reverse Supreme Court on Age Bias

Democrats in Congress are trying to counter another Supreme Court decision on employment discrimination, this time taking aim at a ruling that makes it harder for older workers to prove age bias. A measure introduced this week would effectively reverse …

Healthcare Quality Varies Widely By State, Study Finds

The quality of healthcare Americans receive depends largely on where they live, with insurance coverage, access to preventive medicine and disease treatment varying widely from state to state, according to a study released Thursday by the Commonwealth Foundation. “Where you …

Sheffield Joins Georgia Insurance Commissioner Race

One Priority Will be Growing the Captive Sector, Says Former Department Employee Attorney Maria Sheffield has become the latest candidate to enter the Republican primary to be the next insurance commissioner in Georgia. Sheffield is an attorney with Burr, Forman …

Declarations

Stability on Main Street “Property/casualty insurers have not asked for government handouts, and our industry is stable and continuing to provide critical services to local economies and their communities.” —J. Douglas Robinson, CEO of Utica, N.Y.-based Utica National Insurance Group, …

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. Misc. Medical Malpractice Market Detail: NAS Insurance Services Inc. gives agents the ability to provide …

Leahy Bill Repeals Antitrust Exemption for Malpractice, Health Insurance Companies

Senate Judiciary Committee Chairman Patrick Leahy, D-Vt. has introduced legislation to eliminate a federal antitrust exemption for health insurance and medical malpractice insurance companies. As the Senate prepares to consider comprehensive health care reform legislation, Leahy introduced the Health Insurance …