Latest Vermont Headlines
All the headlines from our Vermont Topic Page, ordered by recency.
Vermont Regulators: Updated Law Offers ‘Welcome Option’ for Inactive Captives
Apr 23 2014 // Vermont’s updated captive insurance law now offers inactive captives in the state a chance to apply for a “dormant” status. Vermont regulators said this latest modification reflects the state’s...
Vermont’s Updated Captive Law to Allow ‘Dormant’ Status for Inactive Captives
Apr 17 2014 // Vermont’s Gov. Peter Shumlin signed new legislation updating Vermont’s captive law, amending the reciprocal insurer section and creating a new “dormant” status for captives. Officials said the new...
In Vermont, 2,400 Residents Likely to See Their Flood Premiums Rise
Mar 28 2014 // Much of downtown Montpelier, Vermont, is perched along the banks of the North Branch of the Winooski River, a waterway that has poured into buildings, forcing many homeowners to purchase flood insurance. Now 242 Montpelier...
Marchut Joins Board of Union Mutual of Vermont Companies
Mar 11 2014 // Union Mutual of Vermont Companies announced the election of Mary Marchut as a member of its Board of Directors at the annual meeting of members on Feb. 26.Mary MarchutMarchut retired from General Reinsurance in 2013, where...
Ratings Recap: Balboa, MEMIC, ALAS, Modern Woodmen, Seven Seas
Feb 25 2014 // A.M. Best announced that it has revised the outlook to negative from stable and affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit ratings of “a” of Balboa Insurance...
In Vermont, Snow Piles Prompt Threat of Possible Spring Floods
Feb 24 2014 // A series of February snowstorms have piled up the snow in the mountains of Vermont heading into the last month of winter and emergency planners and weather forecasters are starting to prepare for the possibility of...
Vermont’s New Law Seeks to Attract Runoff Businesses
Feb 24 2014 // A new law in Vermont would soon authorize the state to license and regulate specialized Vermont-based companies whose only purpose would be to buy and manage closed blocks of non-admitted commercial insurance policies and...
Vermont’s Legacy Insurance Management Act Signed Into Law
Feb 20 2014 // Vermont Gov. Peter Shumlin on Wednesday signed the Vermont Legacy Insurance Management Act (LIMA). The new law would allow the formation of specialized, Vermont-based companies to acquire and manage closed blocks of...
Vermont House Passes Driver-Cellphone Ban
Feb 20 2014 // The Vermont House has passed and sent to the Senate a bill banning the use of hand-held cellphones and other electronic devices while driving. The measure got preliminary approval and final House passage on Feb. 14 after...
Vermont’s New Law Seeks to Attract Runoff Businesses
Feb 18 2014 // A new law in Vermont would soon authorize the state to license and regulate specialized Vermont-based companies whose only purpose would be to assume and manage closed blocks of non-admitted commercial insurance policies...
Declarations
Feb 10 2014 // The Cost “You can talk to anyone who’s lost a friend or family member to a drunk driver and they’ll tell you about the cost.” –Pierce County Prosecutor Mark Lindquist told a Washington state...
Presidential Disaster Declaration Issued for Vermont’s Snowstorms
Jan 31 2014 // President Barack Obama has issued a major disaster declaration to help Vermont recover expenses from December’s severe snowstorms. The declaration on Wednesday triggers the release of federal money to cover some of...
Vermont Gov.: 2013 Was a Terrific Year for Captive Insurance
Jan 24 2014 // Last year was a banner year as Vermont celebrated the 1000th new captive, but there were plenty of other notable accomplishments as 29 new captives were licensed, according to data released by the Vermont Captive Insurance...
Vermont Officials Warn of Flooding Potential From Ice Jam
Jan 13 2014 // Vermont officials are warning of flooding potential in Montpelier due to an ice jam on the Winooski River. The Montpelier Emergency Management Team is monitoring a significant rise in water levels of the river’s...
Vermont Mutual Promotes Bridge to Executive Vice President
Jan 9 2014 // Montpelier, Vt.-based Vermont Mutual Insurance Group announced that Daniel C. Bridge has been promoted to executive vice president. Bridge is an industry veteran with more than 25 years in the property/casualty business,...
Vermont Gov. Asks for Independent Review of State’s Health Care Website
Jan 9 2014 // Vermont Gov. Peter Shumlin says he asking for an independent review of the flawed rollout of Vermont Health Connect, the website where people and businesses are to go to sign up for health insurance coverage. In addition...
Union Mutual of Vermont Companies Announces Promotions
Dec 27 2013 // Union Mutual of Vermont Companies announced several management changes that were approved at this month’s quarterly meeting of the board of directors. The changes are effective Jan. 1, 2014. Robert Glass has been...
Mass., Vt. Take Action Against Health Insurance Website Developer
Dec 27 2013 // Massachusetts and Vermont are withholding payments and considering legal options against the contractor that set up the states’ problem-plagued health insurance websites. Massachusetts has paid $11 million of its $69...
Vermont FEMA Office Closing 2 Years After Irene
Dec 22 2013 // Vermont’s Federal Emergency Management Agency office closed its doors last Friday, Dec. 20, after more than two years of helping the state recover from flooding caused by Tropical Storm Irene, but the agency will...
Union Mutual of Vermont Companies Names New President/CEO
Dec 18 2013 // Union Mutual of Vermont Companies announced Michael W. Nobles was elected to become the new president and chief executive officer of Union Mutual effective at the companies’ annual meeting on Feb. 26, 2014.Michael W....
