Latest Vermont Headlines
All the headlines from our Vermont Topic Page, ordered by recency.
NAII Fears Vermont Uninsured Auto Bill Could Raise Rates for All Drivers
Apr 8 2003 // The National Association of Independent Insurers fears that a bill dealing with uninsured motorist coverage, passed by the Vermont Senate, could drive auto insurance prices higher in an already hard market. “Because...
Vermont Receives NAIC’s URTT Award
Mar 11 2003 // The National Association of Insurance Commissioners recognized the State of Vermont for successfully implementing all 12 technology-based initiatives in the Uniform Regulation Through Technology (URTT) program. The award...
NAII Hails Vermont Supreme Court Decision in Two UIM Cases
Feb 5 2003 // The National Association of Independent Insurers has endorsed two recent decisions by the Vermont Supreme Court that settled two insurance-related cases dealing with underinsured motorist (UIM) coverage, by ruling that...
Risk Retention Groups Owning Up to Success
Jan 27 2003 // Due to the restricted coverages available in the market today, risk retention groups (RRGs) have experienced a significant amount of rapid growth over the past year. At a time when the industry is facing what is perhaps...
AIA Names Northeast VP, Lauds New Vt. Commissioner
Dec 17 2002 // AIA Names Northeast VP, Lauds New Vt. Commissioner The American Insurance Association (AIA) announced the appointment of a new assistant vice president, northeast region and welcomed the commissioner-designate of the the...
Vermont Captive Ins. Assoc. to Host Captive Ins. Seminar
Nov 27 2002 // The Vermont Captive Insurance Association will be hosting a Captive Insurance Seminar and Reception at the Westin St. Francis in San Francisco on Dec. 5. The seminar, entitled “Understanding the Strategic Advantages...
SB&T Forms Vt. Captive
Oct 8 2002 // SB&T Captive Management Company of Burlington, Vt. announced the formation of a new sponsored captive insurance company, American Vista Insurance Company, licensed in that state. The new company will provide...
Vt. First State to Implement Statewide Multimedia, Impaired Driver Ed Program
Aug 22 2002 // During the 2002-2003 school year, Vermont driver education teachers and students will be introduced to Crash Site™, a state-of-the art, interactive CD-ROM program designed to help teens understand the consequences of...
Alliance Pleased with State Progress on Producer Licensing
Jan 22 2002 // The Alliance of American Insurers is expressing pleasure at the progress of state legislatures in acting upon the National Association of Insurance Commissioners (NAIC) model producer licensing law so early in the new...
Welcome to the 3rd Annual “Top Ten Stories of the Year”
Dec 24 2001 // In what became one of the most significant, traumatic and challenging years in U.S. history, the insurance industry, along with the rest of the nation, has had to come to terms with the terrorist attacks perpetrated...
Top 10 Stories of 2001
Dec 17 2001 // Recollections and Renewal: Looking Back at 2001 with an Eye to the Future This is the year that was. It is one that many people will be glad to see come to an end because the new year always brings hope—for a rebirth,...
Hardening Market Heralds Rush to Alternatives
Nov 12 2001 // During the last hard market, much of corporate America wasted little time in stepping up the search for risk transfer alternatives to traditional commercial insurance. The current hard market appears to be no different if...
Hardening Market Heralds Rush to Alternatives
Aug 20 2001 // During the last hard market, much of corporate America wasted little time in stepping up the search for risk transfer alternatives to traditional commercial insurance. The current hard market appears to be no different if...
Vermont Approves Two Captive Initiatives
Jun 11 2001 // In celebration of its 20th anniversary as a captive domicile, Vermont marked the occasion with passage of two important enhancements to its captive statutes. Both chambers unanimously approved the two initiatives–one...
Vermont Considers Self-Audit Bill
Feb 13 2001 // A bill designed to protect information gleaned from the internal audit process of insurance companies was recently introduced in the Vermont legislature. H.B. 191, introduced by Reps. Hube and Crawford, defines self-audit...
Nonprofits Form RRG in Vermont
Feb 6 2001 // Charitable nonprofit organizations will soon have access to a new risk retention group called Alliance of Nonprofits for Insurance Risk Retention Group. The alliance was recently licensed in Vermont and offers charitable...
Vermont Mutual Assigned ‘BBBpi’
Oct 16 2000 // A “BBBpi” FSR was assigned to Vermont Mutual Insurance Co. by S&P. The rating also applies to the company’s related reinsured pool members, Northern Security Insurance Co. and Granite Mutual...
Vermont Ranked Third in World for Domiciled Captives
May 30 2000 // A.M. Best’s Captive Directory 2000 Edition now ranks Vermont third in the world, surpassing Guernsey for captives domiciled behind Bermuda and the Cayman Islands. Vermont is home to more than twice as many captive...
