Vermont News

Vermont’s $183M Judgment Against Ambassador’s Accountant Upheld

The U.S. Third Circuit Court of Appeals has upheld a judgment of $182.9 million in a malpractice case against the accounting firm PriceWaterhouseCoopers for its dealings with the failed Ambassador Insurance Co. Ambassador Insurance Co. (a Vermont domiciled surplus lines …

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. Insurance Intermediary E&O Market Detail: Quadrant Insurance Managers makes available a professional liability program designed …

Ward Named to Lead Iroquois Network Expansion in New England

The Iroquois Group network of independent property/ casualty insurance agencies is planning to grow in the six New England states. Matt Ward has been named to direct the New England expansion with an expanded management team. Ward has been with …

U.S. Court Upholds Vermont’s $183M Ambassador Insurance Judgment

The U.S. Third Circuit Court of Appeals issued has upheld a judgment of $182.9 million in a malpractice case against the accounting firm PriceWaterhouseCoopers for its dealings with the failed Ambassador Insurance Co. Ambassador Insurance Co. (a Vermont domiciled surplus …

U.S. Doctors Say Lawsuits Help Guarantee Drug Safety

Doctors who run one of the most influential U.S. medical journals are giving the U.S. Supreme Court some unsolicited legal advice about a major case. Lawsuits can serve as “a vital deterrent” and protect consumers if drug companies do not …

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. Commercial Property Market Detail: RISC brings to market a commercial property program designed for a …

Declarations

Declarations Mass. Expansion – Vermont Mutual CEO Thomas Tierney, commenting on his company’s decision to enter the Massachusetts personal auto insurance market. It is the second company this month – along with American International Group – to announce it would …

Figures

$8.5 Million Amount of settlement reached with five insurers for the Roman Catholic Diocese of Springfield, Mass. to pay claims filed by people who were sexually abused by priests. About $3.5 million will be used to pay back the diocese …

By Charles E. Boyle

From Novelty to Necessity: Bermuda’s Insurance Market 2008 Bermuda’s insurance industry has grown steadily since it began 50 years ago. It is now a mature market, and, in certain sectors – natural catastrophes, crop insurance and medical malpractice – it …

New Markets

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. Builders Risk and Affiliated Exposures Market Detail: Atlantic Risk Specialists (www.arspecialists.com) brings builders …