Vermont News

N.H. Comp Market Reflects Low Frequency, Slow Hiring, Workforce

Workers’ compensation writers in New Hampshire want an average 2.5 percent hike for voluntary market advisory loss costs and a 12.7 percent average increase in residual market premiums, according to the most recent filing from the National Council on Compensation …

VT. COURT SAYS TRACTOR IS NO TOY:

A John Deere lawn and garden tractor is made for work, not for fun. At least that’s how the Vermont Supreme Court sees it. The court ruled in a dispute between an insurance company and the driver of a lawn …

N.H. Weighs Cut in Insurers’ Premium Tax

New Hampsihre may be the first Eastern state to lower its tax on insurance companies as states continue to compete to attract more business. The issue is currently the subject of an economic impact study by Ernst & Young. The …

N.H. Considers Premium Tax Cut; Insurer CEOs Update Big ‘I’ Agents

N.H. Considers Premium Tax Cut; Insurer CEOs Update Big ‘I’ Agents Taxes, the favorite subject of politicians in New Hampshire, was a topic also on the minds of property casualty executives who gathered at the White Mountains’ imposing Mountain View …

VERMONT WELCOMES ITS 700TH CAPTIVE:

Helmerich & Payne Corporation, an energy-oriented company engaged in contract drilling, primarily in the U.S. and South America, has established Vermont’s 700th captive insurance company, according to the Vermont Department of Banking, Insurance, Securities and Health Care Administration (BISHCA). “The …

Vermont OSHA Probes Fatal Construction Accident

The state of Vermont said it will need about 10 days to investigate a construction accident that killed one man and sent a fellow worker to the hospital in Proctorsville. The Vermont Occupational Safety and Health Administration (VOSHA) is investigating …

Vermont Welcomes Its 700th Captive

Helmerich & Payne Corporation, an energy-oriented company engaged in contract drilling, primarily in the U.S. and South America, has established Vermont’s 700th captive insurance company, according to the Vermont Department of Banking, Insurance, Securities and Health Care Administration (BISHCA). “The …

People and Places

William Thornton Perhaps coming under the heading of, “you can take the man out of Texas but you can’t take Texas out of the man,” William Thornton, president of Acadia Insurance Company in Westbrook, Maine, was presented the Raymond Mauk …

State Sets Vermont Hospitals’ Budgets

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 was comprised of individual hospital …

Long-Term Health Care Costs Loom Large for Governors

Soaring health care costs, coupled with the looming retirement of a record 77 million Americans starting in 2011, are casting a shadow of concern over states that worry their public health care systems can’t shoulder the burden of the aging …