Vermont News

It Figures

$205 Million The amount the state of Vermont has finally received in a lawsuit against accounts for an insurance company that went bankrupt a quarter century ago and left about 20,000 people in several states with outstanding claims. The announcement …

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. Eliminate Forced Placed Coverage Market Detail: John-Galt (SafetyNet) introduces a new insurance product eliminating force-placed …

Amputee’s Case Asks If FDA Label Immunizes Drug Firms from Liability

When Diana Levine turned 63 recently, her daughter made her birthday card, drawing on Greek mythology with an illustration of Diana the Huntress, her bow string drawn taut, an arrow ready to fly. But the arm pulling at the bowstring …

Storms Take Toll on Louisiana Nonfarm Jobs

Louisiana experienced a loss of 17,500 jobs in the seasonally adjusted number of nonfarm jobs from August to September 2008, the Louisiana Workforce Commission announced recently. However, the September nonfarm job total of 1,939,300 people working represents an increase of …

Business Income And Dependent Property Coverage Rescues More Than Just Dairy Farmers

Eighty-eight dairy farmers in western Vermont and New York have taken a major economic hit from a Sept. 29 fire at the Saputo Cheese USA plant in Hinesburg, Vt. (about 12 miles southeast of Burlington). Ten to 12 percent of …

Vermont Gets $205 Million from Failed Ambassador Insurance After 25 Years

The state of Vermont has received $205 million in a lawsuit against accounts for an insurance company that went bankrupt a quarter century ago and left about 20,000 people in several states with outstanding claims. The announcement should bring to …

People

Hospitality Mutual Insurance Co. in Westborough, Mass., named John W. Tympanick president and chief executive officer. He has also been appointed to the company’s board of directors. Hospitality Mutual, a mutual insurance company serving the hospitality industry, replaced the Liquor …

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. Medi-Tourism Professional Liability Market Detail: Arrowhead Wholesale Insurance Services LLC brings to market a professional …

Wall Street Looks to House After Senate Approves Rescue Measure

Shockwaves from the global credit crisis spread on Thursday, threatening industry and jobs worldwide and putting pressure on the U.S. Congress to finish up a $700 billion bailout of the U.S. financial sector. The fate of the rescue plan, passed …

Boston’s ‘Biggest Loser’ Indicted in Insurance Fraud Case

A Suffolk County grand jury returned indictments against a Boston man in connection with allegedly attempting to defraud insurance companies by reinsuring expensive jewelry that had allegedly been stolen, and for allegedly defrauding his auto insurance company by presenting a …