Susan L. Donegan, who has been serving as commissioner of the Vermont Department of Financial Regulation (DFR) for past three years, will step down from her position. Donegan’s last day in office will be June 30, according to a department …
Vermont Department of Financial Regulation (DFR) Commissioner Susan L. Donegan announced that Travelers Insurance Co. and Liberty Mutual Insurance Co. have paid Vermont $154,000 in fines and repaid consumers another $54,500. Donegan said on March 10 that the two insurance …
Vermont Department of Financial Regulation Commissioner Susan L. Donegan announced on Feb. 26 that Continental Indemnity Co., a subsidiary of Applied Underwriters Inc., a Berkshire Hathaway Company, has paid Vermont $335,000 and owes 16 Vermont businesses an additional $352,000. The …
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 licensed captives include seven pure …
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 property/casualty insurers have been relying upon the practice of price …
Vermont’s Democratic Gov. Peter Shumlin, who was sworn in to a third two-year term last Thursday, will reappoint Susan L. Donegan as commissioner of the Department of Financial Regulation (DFR).
The National Council on Compensation Insurance (NCCI) recently delivered a workers’ compensation loss cost filing to the Vermont Department of Financial Regulation. Based upon its review of the most recently available data, NCCI has proposed in its Nov. 17 filing …
The Vermont Department of Financial Regulation (DFR) said Cigna Behavioral Health Inc. has agreed to pay nearly $400,000 to Vermont as the result of an investigation by DFR. DFR Commissioner Susan L. Donegan said today that the company will pay …
Vermont Department of Financial Regulation (DFR) Commissioner Susan L. Donegan announced Tuesday the appointment of Kaj Samsom as deputy commissioner of the Insurance Division, effective immediately.
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 non-admitted commercial insurance policies and reinsurance agreements. Gov. …
