Latest Vermont Headlines
All the headlines from our Vermont Topic Page, ordered by recency.
State Sets Vermont Hospitals’ Budgets
Sep 17 2004 // In their annual attempt to hold down hospital costs, Vermont officials have pared down rate increases sought by hospitals that averaged 7.7 percent in the state for 2005. The average 7.7 percent average requested increase...
Toronto Bank Buying Majority of Banknorth
Sep 2 2004 // Officials at Banknorth Group, Inc. (NYSE: BNK) of Portland, Maine, and TD Bank Financial Group (TDBFG) of Toronto announced that they have signed a definitive agreement for TDBFG to acquire 51 percent of the outstanding...
Sweet Success
Aug 23 2004 // Only a few months ago, insurance captives were a topic of some criticism in the presidential primaries. But after Vermont Governor Dean was eliminated, candidates stopped talking about them and, come to think of it, about...
Captive Industry Makes Green Mountain State Even Greener
Aug 23 2004 // Vermonters from the governor on down are not shy about expressing their affection for the state’s captive insurance industry. At the recent 19th annual conference of the Vermont Captive Insurance Association (VCIA)...
Vt. Crime Project Pays for Windshield Repairs
Aug 11 2004 // A new pilot project in Burlington, Vermont will give up to $250 to help cover the cost of a smashed car window as long as the smashing took place in the city. The victim, who needn’t live in Burlington, must have a...
University of Vt., Captives Launch Training Program
Aug 11 2004 // The University of Vermont has joined a captive insurance industry group to launch a new educational program to serve the industry, the first of its kind in the nation. “Because the captive industry has grown so...
Vermont Supreme Court Rules Intentional Sexual Harassment Not Covered Under Liability Policies
Jul 12 2004 // The Vermont Supreme Court on July 9 rejected an effort by two women to collect from insurance companies covering the home and business of a man they said sexually harassed them. Cindy Serecky and Shannon Gioia were...
Veto of Vt. UIM Bill Upheld:
Jul 5 2004 // Vermont House members gathered for a brief reunion a bit less than a month after they thought they had finished for the year, voted to sustain Gov. James Douglas’ veto of a bill relating to car insurance, and went...
Veto of Vt. UIM Bill Upheld
Jun 18 2004 // Vermont House members, gathered for a brief reunion a bit less than a month after they thought they had finished for the year, voted to sustain Gov. James Douglas’ veto of a bill relating to car insurance and went...
Vt. Lawmakers to Respond to Uninsured Bill Veto
Jun 10 2004 // Vermont lawmakers will return to the capital next week to respond to Gov. James Douglas’ veto of a bill that backers said would fill a gap in car insurance coverage. House Clerk Donald Milne said that he had sent a...
Vermont to Mandate Safety Course for Motorcyclists
Jun 1 2004 // Vermont motor vehicles officials are preparing a mandatory four-hour classroom course for new motorcyclists. The state is working with the Motorcycle Safety Foundation, a national nonprofit organization in Irvine, Calif.,...
Vermont Gov. Douglas Signs Law Amending WC Filing Limit and Requiring Medical Fee Schedule
May 28 2004 // Vermont Gov. James Douglas (R) has signed important workers’ compensation reform legislation (H. 632) supported by the insurance industry including the American Insurance Association (AIA). The new law reduces the...
Vermont Senators Seek Drunk Boating Penalties
May 21 2004 // Two state senators want to make penalties for boating while intoxicated similar to those imposed for driving while intoxicated. Sens. John Campbell, D-Windsor, and Vincent Illuzzi, R-Essex-Olreans, said a proposal would...
Vermont Home to Record Lawyer Population
Apr 28 2004 // Vermont has reached a new milestone: the number of lawyers is at a record level. So is the number of lawyers per capita. Vermont now ranks in or near the top 10 states for its supply of lawyers. Vermont has been adding...
Vermont’s Chittenden Reports Q1 Earnings
Apr 23 2004 // Chittenden Corporation (NYSE: CHZ) Chairman Paul A. Perrault announced earnings for the quarter ended March 31, 2004 of $17.5 million or $0.47 per diluted share, compared to $16.6 million or $0.49 a year ago. Chittenden...
Vermont Workers’ Comp Changes Reduce Savings
Apr 7 2004 // A Vermont state Senate panel is putting the final touches on a bill designed to lower workers’ compensation insurance costs, as business lobbyists complained the measure would raise them instead. The Senate Committee...
Vermont Approves Workers’ Comp Hikes
Mar 24 2004 // Vermont Commissioner John P. Crowley has approved workers’ compensation insurance rate increases of 10.3 % in loss costs for the voluntary market and an increase of 14.2 % in the rates for the assigned risk market,...
All Wrapped Up in Workers’ Comp
Mar 22 2004 // No surprise, but with the first quarter of 2004 drawing to a close, workers’ compensation remains, as it has been for many years, one of the most troubled lines of insurance in the United States. On a calendar year...
National Life of Vermont Begins Job Cuts
Mar 19 2004 // The company that is taking over the information services technology division at National Life Insurance Co. in Montpelier has begun telling employees who will keep their jobs and who will be let go. Of the 90 information...
NAMIC Urges Vermont to Criminalize Industry Fraud
Mar 17 2004 // A Vermont House bill that establishes an insurance fraud law is reportedly an important weapon in strengthening a comprehensive, nationwide fight against insurance fraud. House Bill 742 arms law enforcement personnel and...
