A Vermont Superior Court has approved a state takeover and rehabilitation plan for a medical professional liability insurer for 1,300 physicians that the state says is in hazardous financial condition as a result of a $35.4 million arbitration judgment against …
Vermont Governor Phil Scott recently announced several leadership appointments including Kaj Samsom as commissioner of the Department of Financial Regulation (DFR). Prior to his appointment, Samsom served as chief auditor at the National Life Group. Samsom has 14 years of …
Bigglestone Appointed Acting Commissioner of Vermont Department of Financial Regulation Vermont Governor Phil Scott named Sandy Bigglestone as acting commissioner of the state’s Department of Financial Regulation (DFR). Bigglestone most recently served as deputy commissioner of the captive insurance division. …
Editor’s Note: A previous version of this article referred to this transaction as an acquisition. As both insurers are mutuals, and as mutuals cannot be legally acquired, the structure of the affiliation is not setup as a true acquisition. Insurance …
State officials in Vermont say they’re ready to assist residents with insurance claims as they cleanup and rebuild following Friday’s tornado, which injured at least two people. The state Department of Financial Regulation said Saturday that residents who experienced property …
The Vermont Superior Court for Washington County has placed Global Hawk Insurance Company Risk Retention Group (Global Hawk RRG) into liquidation as of June 8, 2020. The liquidation is being handled by the Vermont Department of Financial Regulation, as Global …
Workers’ compensation insurance will continue to cost less for most Vermont employers when new rates approved by the Department of Financial Regulation (DFR) become effective on April 1, 2019. This is the third rate decrease since Governor Phil Scott took …
Vermont businesses should see a $28 million reduction in expenses this year from lower workers’ compensation and unemployment insurance costs. Democratic House Speaker Mitzi Johnson tells the Rutland Herald the state Department of Labor projected there will be a $76 …
Vermont Governor Phil Scott has announced that workers’ compensation insurance will cost less for most Vermont employers when new rates approved by the Vermont Department of Financial Regulation (DFR) become effective on April 1. This is Vermont’s first rate decrease …
The R Street Institute, a nonprofit public policy research organization headquartered in Washington, D.C., has found that Vermont has the best insurance regulatory environment in the U.S. for the third straight year in its annual Insurance Regulation Report Card. The …
