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AM Best Upgrades Union Mutual Rating to Excellent with Stable Outlook

AM Best Upgrades Union Mutual Rating to Excellent with Stable Outlook
May 4, 2021
AM Best has upgraded the financial strength rating to A (excellent) from A- (excellent) and the long-term issuer credit ratings to “a” from “a-” of Union Mutual Fire Insurance Company, the lead property/casualty company and its wholly owned subsidiary, New England Guaranty Insurance Company Inc., as well as its mutual affiliate, Community Mutual Insurance Company, which are collectively referred to as Union Mutual of Vermont Companies.
Union Mutual Fire and New England Guaranty are domiciled in Montpelier, Vermont, while Community Mutual is domiciled in Latham, New York. The outlook of these credit ratings was revised to stable from positive. ....

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AM Best upgrades Union Mutual rating to 'A' (Excellent) with Stable Outlook

AM Best upgrades Union Mutual rating to 'A' (Excellent) with Stable Outlook
vermontbiz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vermontbiz.com Daily Mail and Mail on Sunday newspapers.

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March 2021 News in Brief | Vermont Business Magazine

Unemployment rate falls another tenth to 3.1 percent
The Vermont Department of Labor has reported that the seasonally-adjusted statewide unemployment rate for February was 3.1 percent. This reflects a decrease of one-tenth of one percentage point from the prior month’s revised estimate of 3.2 percent. The comparable United States rate in February was 6.2 percent, which was a decrease of one-tenth of one percentage point from the revised January estimate. The decline is largely due to a sharp decrease in the Labor Force from January. The number of unemployed also fell. Both the Labor Force and total Employed represent about 30,000 fewer workers than a year ago, which was pre-pandemic. ....

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AM Best Upgrades Credit Ratings for Members of Union Mutual of Vermont Companies

Press release content from Business Wire. The AP news staff was not involved in its creation.
AM Best Upgrades Credit Ratings for Members of Union Mutual of Vermont Companies
April 22, 2021 GMT
OLDWICK, N.J. (BUSINESS WIRE) Apr 22, 2021
AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “a” from “a-” of Union Mutual Fire Insurance Company (Union Mutual Fire),
the lead property/casualty company and its wholly owned subsidiary, New England Guaranty Insurance Company, Inc.
(New England Guaranty), as well as its mutual affiliate, Community Mutual Insurance Company (Community Mutual), which are collectively referred to as Union Mutual of Vermont Companies (Union Mutual). Union Mutual Fire and New England Guaranty are domiciled in Montpelier, VT, while Community Mutual is domiciled in Latham, NY. The outlook of these Credit Ratings (ratings) was revised to stable from pos ....

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People Moves: Community Mutual's Galfetti, Ryan Promoted; Adwani Joins Risman

People Moves: Community Mutual’s Galfetti, Ryan Promoted; Adwani Joins Risman
April 6, 2021
Community Mutual Insurance Company Names New President, Treasurer
The Board of Directors of Community Mutual Insurance Company has voted unanimously to elect Jennifer P. Galfetti as president of the company and Schuyler M. Ryan as treasurer. The promotions were announced at the company’s annual meetings held on March 17, 2021.
Community Mutual Insurance Company is part of the Union Mutual of Vermont Companies, a property/casualty insurance group consisting of Union Mutual Fire Insurance and New England Guaranty Insurance Company Inc., both based in Montpelier, Vermont; and Community Mutual Insurance Company, based in Latham, New York. ....

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