Vermont News

Argonaut’s Great Central Introduces New Businessowners Product

Great Central Insurance, a member of the Select Markets segment of San Antonio-based Argonaut Group Inc., announced an addition of a businessowners product to its portfolio of insurance products and services. Great Central offers its new, specialized business owners package, …

Travelers: Six More States Eligible for Hybrid Auto Discount

Travelers personal lines, a member of St. Paul Travelers, has announced it now offers its 10 percent discount on auto insurance for hybrid drivers in Alabama, Mississippi, Nevada, Kansas, Tennessee and South Carolina. Travelers launched its discount for hybrid owners …

Hub, Citizens Bank on ‘Not Your Typical’ Insurance Agency Deal

“Not Your Typical Bank,” the slogan used by Citizens Financial Group in its popular consumer-friendly ads, seems to apply to the bank’s latest move, the selling off of its respected insurance agencies. It is not a typical transaction. The bank …

Citizens Financial banks on ‘not your typical’ insurance agency sale

Not Your Typical Bank,” the slogan used by Citizens Financial Group in its consumer ads, seems to apply to the bank’s latest move, the selling off of its respected insurance agencies. It is not a typical sale. The bank did …

New Markets

Community Banks Nuts & Bolts: OneBeacon Insurance, working with select independent insurance agents, has developed a solution for the increasingly complex risks of community banks through a combination of coverages designed specifically for these financial institutions and broader property and …

Catching up with region’s insurance politics

In the Northeastern and Atlantic states, elected politicians are in the thick of deciding on legislation that could affect insurers, insurance agents and their insureds. New Jersey lawmakers are considering restoring coverage under the New Jersey Surplus Lines Insurance Guaranty …

Thomas Named VP at TD Banknorth Insurance in Maine

Kip A. Thomas has been promoted to assistant vice president in the Personal Lines Division at TD Banknorth Insurance Agency, Inc. in South Portland, Maine. A private client insurance agent, he will be responsible for high net worth personal lines …

Insurers Urge Maryland to Adopt Fire-Safe Cigarette Law

Lawmakers in Annapolis are considering legislation to mandate that cigarettes sold in Maryland meet tough new fire safety requirements. The insurance industry is backing the measure (HB 1300) that is now before the House Economic Matters Committee. The American Insurance …

New Markets

Miscellaneous Medical Malpractice Nuts & Bolts: NAS Insurance Services’ miscellaneous medical malpractice insurance program has several new features including deductibles under $2,500. The coverage can now be underwritten with greater rate flexibility and is available combined with GL and professional …

VT. WORKERS’ COMP RATES MODERATE

Vermont workers’ compensation rates are moderating for the third year in a row, Commissioner John P. Crowley of the Department of Banking, Insurance, Securities and Health Care Administration announced. Crowley approved a loss cost increase of 1.4 percent for the …