Vermont News

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. Human Services Nuts & Bolts: Travis Pederesen and Associates is offering general liability, professional, umbrella, …

Northeast States Lead Nation for Low Worker-Death Rates: Report

Two New England States lead the nation in terms of having the lowest rate of work-related deaths and most states in the Northeast rank well above the national average, according to a new report from a major labor group. New …

Along Lake Champlain in Vermont, Homeowners Eye Rising Waters

On the shoreline at Keeler Bay in South Hero, Vermont, spring has sprung. Swollen by runoff from snowmelt, the blue water of Lake Champlain laps at the boulders and brick pavers, washes up under the house and covers the boat …

Vermont Considers Special Car Locks for Repeat Drunk Drivers

The chairman of the House Judiciary Committee says he wants Vermont to study special ignition locks for repeat drunken drivers that would require a clean breath test before allowing a car to be started. “My intention here is to increase …

Liberty Mutual to Acquire Safeco Insurance in $6.2B Deal

Liberty Mutual Group has agreed to acquire all outstanding shares of common stock of Safeco Corp. for $68.25 per share in cash in a deal that will make Liberty Mutual the fifth largest U.S. property/casualty insurer and second largest surety …

A.M. Best Withdraws Ratings of Public Entities’ Risk Group in Vermont

Insurance ratings firm A.M. Best Co. has affirmed the financial strength rating of B+ (Good) and issuer credit rating of “bbb-” of States Self-Insurers Risk Retention Group, Inc. ((Vermont). The outlook for both ratings is negative. Concurrently, A.M. Best has …

Ratings Roundup: Centene, Illinois Casualty, States Self-Insurers

Standard & Poor’s Ratings Services has lowered its counterparty credit rating on Centene Corp .to ‘BB-‘ from ‘BB’ and removed it from CreditWatch, where it was placed on March 19, 2008, with negative implications. The outlook is now stable. “We …

People

Agency Specialty Product Network, a unit of Aon Corp., has named five new regional vice presidents. Rob Romano will head the Northeast Region, which comprises Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, Vermont, New York City and Long Island. Romano …

People Mullis Newby Hurst L.P., an Addison, Texas-based provider of construction insurance and surety bonds in Texas, promoted Jan Johnson to senior vice president and director of insurance. Johnson, a 26-year veteran of the insurance industry, has served as vice …

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. Liquor Liability Coverage Nuts & Bolts: Advanced E&S Insurance Underwriters recently announced the offering of …