Vermont News

Bermuda Shorted as More U.S. Captives Form Onshore, Aon Reports

Bermuda’s reign as the undisputed global leader among captive domiciles is being challenged by U.S. companies that are increasingly leaning toward onshore domiciles for their captive insurance companies. That is among the findings of Aon’s new Global 1500 (G1500) research …

Vermont Fines Uninsured Roofing Firm for Employee’s Fatal Fall

A Burlington, Vermont roofing company is facing $18,000 in fines for a series of alleged safety violations after an employee fell to his death last December. A-One Roofing has been cited by the Vermont Occupational Safety and Health Administration with …

Poll: Many coastal residents still not ready for hurricanes

Many people along the Atlantic and Gulf Coasts still lack a hurricane survival plan and don’t feel vulnerable to storms, despite Katrina’s dramatic damage and pleas from emergency officials for residents to prepare before the season starts, according to a …

Poll: Many coastal residents still not ready for hurricanes

Many people along the Atlantic and Gulf Coasts still lack a hurricane survival plan and don’t feel vulnerable to storms, despite Katrina’s dramatic damage and pleas from emergency officials for residents to prepare before the season starts, according to a …

Main Street America Reveals New Rating Program in Georgia

The Main Street America Group unveiled a new rating program designed to provide greater pricing flexibility for the super regional property-casualty carrier’s new Personal Auto policies. Personal Auto MVP (multivariate program) features “predictive modeling,” or “multivariate” rating, which considers a …

Study: Hawaii Tops the Nation in Providing Health Care

A national study says Hawaii does better than any state providing health care to its residents. A New York-based private foundation that promotes health care compared how states measured in 32 medical areas between 2002 and 2005. Iowa, New Hampshire, …

Insurance Group Urges Repeal of Mo.’s Workers’ Comp Second Injury Fund

Ratings Roundup: NY Marine (NYMAGIC); Sooner

A.M. Best Co. has affirmed the financial strength rating (FSR) of “A” (Excellent) and the issuer credit ratings (ICR) of “a” of New York Marine Group and its members, New York Marine And General Insurance Company and Gotham Insurance Company. …

Ratings Roundup: Employers; Argonaut; First Beacon

A.M. Best Co. has affirmed the financial strength rating (FSR) of “A-” (Excellent) and assigned issuer credit ratings (ICR) of “a-” to Employers Insurance Group and its two pooled property/casualty operating members, Employers Insurance Company of Nevada and Employers Compensation …

Ratings Recap: QBE (US); HSBC; Genworth; State Farm; Mystic Re II

A.M. Best Co. has affirmed the financial strength rating (FSR) of “A” (Excellent) and the issuer credit ratings (ICR) of “a” of New York-based QBE Re Group U.S. and its members. Best also removed the ratings from under review with …