Latest Vermont Headlines
All the headlines from our Vermont Topic Page, ordered by recency.
Vermont Licensed 14 New Captives So Far This Year
Aug 3 2015 // The Vermont Department of Financial Regulation announced on July 31 that the state regulators licensed 14 new captives during the first seven months of 2015, already nearing the full-year 2014 total of 16. The newly...
Research Says Washington, D.C. Is Slowly Sinking Into the Ocean
Jul 30 2015 // New research says the land under the Chesapeake Bay region is sinking and projects that Washington, D.C., could drop by six or more inches in the next century — adding to the problems of sea-level rise. The research...
Vermont Regulators Issue Bulletin on Price Optimization
Jul 20 2015 // Vermont regulators recently issued a bulletin addressing the issue of price optimization in personal lines ratemaking, warning insurers that adjustments to rates may not be based on non-risk-related factors. The Vermont...
Uber Reaches Interim Deal to Operate in Burlington, Vermont
Jul 14 2015 // The city of Burlington, Vermont, and the Uber ride-hailing service have signed an agreement to allow Uber to temporarily operate in the city and at the airport, the mayor’s office announced on July 10. Under the...
Vermont Issues Bulletin on Price Optimization in Personal Lines Ratemaking
Jul 2 2015 // Vermont regulators issued a bulletin last week addressing the issue of “price optimization” in personal lines ratemaking. The Vermont Department of Financial Regulation (DFR) noted in the bulletin that some...
Union Mutual of Vermont Cos. Promotes Amick to Assistant VP of Claims
Jul 1 2015 // John Amick Union Mutual of Vermont Companies promoted John Amick to assistant vice president of claims. He is based in Montpelier, Vermont. Amick joined Union Mutual in 1991 as claims adjuster. He has since worked for...
Vermont Mutual Completes Leadership Transition With Bridge, McDonnell
Jul 1 2015 // Daniel Bridge Vermont Mutual Insurance Group announced that with the June 30 retirement of CEO William Catto, President Daniel Bridge will take on the chief executive role beginning July 1. In addition, current Senior Vice...
Blue Cross Blue Shield of Vermont Trying to Recoup Over $500K
Jun 23 2015 // Vermont’s largest insurance carrier is trying to recover more than $500,000 in claims for 600 patients who mistakenly received benefits due to a Vermont Health Connect’s technological error. The state’s...
New Vermont Law Makes Child Safety Priority
Jun 17 2015 // Vermont’s new child safety law shifts the state’s priority in protecting children to their well-being from an imperative to reunite them with their families, officials said Monday during the governor’s...
People – East
Jun 1 2015 // Benjamin M. Lawsky announced his plan to leave the New York State Department of Financial Services (NYDFS) in late June after four years serving as the newly created agency’s first superintendent. Lawsky was...
NFP Acquires Hackett Valine & MacDonald in Vermont
May 19 2015 // NFP, a New York City-based provider of employee benefits, property/casualty insurance, retirement and wealth management services, announced its acquisition of Hackett Valine & MacDonald Inc. (HVM)., an independent...
Vermont’s New Captive Law Revises Capital Requirements
May 18 2015 // Vermont Gov. Peter Shumlin signed new legislation passed in April that brings several changes to the state’s captive insurance rules – including changes to the investment guidelines to allow “marketable...
Vermont Mutual Hires Moore as VP of Underwriting
May 11 2015 // Terry Moore Vermont Mutual Insurance Group has appointed Terry Moore as vice president of underwriting. He will be based in Vermont Mutual’s Montpelier, Vermont, headquarters. Moore comes to Vermont Mutual from...
New England States Launch Regional Crackdown on Speeding
May 7 2015 // State police across New England launched the region’s first coordinated crackdown on speeding and failing to wear seat belts. Connecticut Gov. Dannel P. Malloy on Monday announced the “New England Drive to Save...
Vermont’s New Captive Legislation to Revise Some Capital Requirement Rules
May 6 2015 // Vermont officials announced that Gov. Peter Shumlin will sign new legislation passed in April that would bring several changes to the state’s captive insurance rules — including changes to the investment...
People – East
May 4 2015 // The Hartford named Kathy Bromage as chief marketing and communications officer and David Robinson as executive vice president and general counsel, effective June 1, 2015. Bromage joined The Hartford in 2004 as chief...
Vermont Lawmakers Weigh Roadside Spit Test to Detect Drugged Driving
Apr 23 2015 // Vermont is one of a growing number of states looking at following Colorado and Washington’s lead by legalizing marijuana, but there’s a problem. How can police identify those too stoned to drive? The Vermont...
Vermont Mutual Names Bridge as President to Succeed Catto
Apr 17 2015 // Daniel C. Bridge Vermont Mutual Insurance Group announced that its Board of Directors has elected Executive Vice President Daniel C. Bridge as president of the Group. Bridge succeeds President and CEO William A. Catto who...
IRS Names Microcaptives as Top Abusive Tax Scheme
Apr 15 2015 // The IRS is growing increasingly uncomfortable that an increasing number of smaller companies and professional firms have been doing what larger companies do — creating their own or joining a captive insurer. The IRS...
NGM Insurance Brings Expanded Work Comp Program to Vermont
Apr 14 2015 // The Main Street America Group’s NGM Insurance Co. has introduced an expanded workers’ compensation program in Vermont via its network of independent insurance agents across the state. NGM’s expanded...
