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. A-Side Directors & Officers Market Detail: Great American Insurance Group’s Executive Liability Division offers A-Side …

Travelers to Offer Control of Well Coverage on an Admitted Basis

Travelers is now offering control of well coverage on an admitted basis to upstream oil and gas clients. This coverage will be immediately available on an admitted basis in 25 states, and is expected to be available in most other …

Best Affirms Aviva USA, Subsidiaries Ratings; Outlook Revised to Positive

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Iowa-based Aviva Life and Annuity Company (ALAC) and its wholly owned subsidiary, Aviva Life and Annuity Company of New …

Ratings Recap: National Guaranty, Standard Casualty, Affiliates RRG

A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of National Guaranty Insurance Company of Vermont (NGIC), both with stable outlooks. The ratings reflect NGIC’s “excellent capital position, consistently profitable operating …

Washington, Oregon Rank High in Promoting Roadway Safety

Many states are making progress toward making roads safer, but Oregon and Washington do the best of promoting roadway safety with traffic laws, according to a new report by the Emergency Nurses Association. The report indicates that Minnesota, Arkansas, Louisiana …

Business Moves

AIM, Quincy Mutual A.I.M. Mutual Insurance Cos. and Quincy Mutual Group will join forces to create the Commercial Solutions Underwriting Alliance, a business arrangement designed to meet the commercial lines product needs of small to medium-sized employers in Massachusetts A.I.M. …

Business Moves

Ohio Mutual, Casco Indemnity Ohio Mutual Insurance Group (OMIG) agreed to acquire N.E. Corp. and its wholly-owned subsidiary Casco Indemnity Co., a property and casualty insurer located in Saco, Maine. The transaction is expected to be completed by the end …

Ratings Recap: Chartis U.S Subs; Landcar, Prism, Pacific Pioneer

A.M. Best Co. has withdrawn the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings of “a” and assigned an NR-5 (Not Formally Followed) to the FSRs and “nr” to the ICRs of Louisiana-based Audubon Insurance Company and …

Ohio Mutual Insurance to Acquire New England’s Casco Indemnity

Ohio Mutual Insurance Group (OMIG) has reached an agreement to acquire N.E. Corp. and its wholly-owned subsidiary Casco Indemnity Co., a property and casualty insurer located in Saco, Maine. The transaction is expected to be completed by the end of …

Election Will Mean New Faces in State Insurance Commissioner Jobs

Tuesday’s elections could have ramifications for a number of state insurance commissioner posts across the country. Nationwide, 11 commissioners are directly elected but there are only four such elections tomorrow; the rest of commissioners are appointed, most by governors or …