Vermont News

Best Rates GE, Conoco/Phillips Captives, Electric and Sooner ‘A’

A.M. Best Co. has affirmed the financial strength ratings of ‘A’ (Excellent) and issuer credit ratings of “a” of Electric Insurance Group and its members – Electric Insurance Company (Beverly, MA), Electric Insurance Ireland Ltd, (Dublin, Ireland) and Electric Lloyd’s …

People

TD Insurance Inc. has hired Linda Bogardus as an account manager in the Core Division of Commercial Lines. Bogardus, who is based in Burlington, Vermont, will oversee marketing and servicing large commercial insurance accounts throughout the region. She has more …

Judge Tosses Most Supermarket Data Breach Claims

Only those customers who weren’t reimbursed for fraudulent charges may sue the Hannaford Bros. supermarket chain over a data breach that exposed 4.2 million credit and debit card numbers to computer hackers, a federal judge has ruled. The decision by …

Declarations

The Road Less Downloaded “New Yorkers not only benefit from a… discount in a state with one of the steepest insurance rates in the U.S., but they can do so with ease and comfort simply by logging on from their …

State Auto: How a Regional Carrier Weathers the Storms

Super Regional CEO Restrepo Talks Catastrophe Losses, Premium Growth and Independent Agents How are regional insurance companies faring in today’s climate — financial and catastrophe? What challenges do they face? How can they grow? Why are they so popular with …

People

Neal S. Wolin has been confirmed by the U.S. Senate to serve as the deputy secretary of the U.S. Department of the Treasury. In February, Wolin was named deputy assistant to the President and deputy counsel to the President for …

Business Moves

AIG American International Group agreed to sell its prime real estate holding in Tokyo for approximately $1.2 billion in cash to Nippon Life Insurance Co. The property consists of one acre of land on which The AIG Otemachi Building in …

State Auto: How a Regional Carrier Weathers the Storms

CEO Restrepo Talks Cat Losses, Premium Growth and Independent Agents Regional property/casualty insurance companies don’t make headlines like the large institutions. They simply go about their business serving customers and independent agents — and paying claims. How are regional insurance …

People

Salt Lake City-based The Leavitt Group named John Moreno president of Leavitt Benefits Services. Moreno will forward the benefits operations of the Leavitt Group and affiliated agencies. Moreno has more than 30 years of experience in the employee benefits industry, …

State Auto: How a Regional Carrier Weathers the Storms

CEO Restrepo Talks Cat Losses, Premium Growth and Independent Agents Regional property/casualty insurance companies don’t make headlines like the large institutions. They simply go about their business serving customers and independent agents— and paying claims. How are regional insurance companies …