Vermont News

VT. POLICY TRANSFER DEAL KILLED:

A plan to transfer 4,100 health insurance policies from Mutual of Omaha to Blue Cross/Blue Shield of Vermont fell apart over questions of creating a subsidiary for the deal. Mutual of Omaha, which is getting out of individual major medical …

VT. SETS RECORD FOR NEW CAPTIVES:

Howard Dean may be grabbing the headlines, but Vermont’s captive insurance division is also doing quite well. It licensed an all-time record of 77 new captives in 2003, eclipsing last year’s record of 70 and bringing the state’s total of …

AUTO INSURANCE, WORKERS’ COMP EMERGE AGAIN AS TOP LEADING LEGAL ISSUE TRENDS:

Workers’ compensation and automobile insurance laws accounted for nearly 40 percent of the new property/casualty-related statutes enacted by state legislatures last year, according to the fifth annual analysis of trends in new state insurance legislation published by the National Association …

For Workers’ Comp Writers, 2004 May Be as Good as It’s Going to Get

After years of depressed pricing and a soft workers’ compensation market, prices are on the rise in many parts of the country, a trend analysts predict will continue through at least this year and probably next. The good news is …

Vermont Looks to Heal Injured Workers’ Comp System

Workers’ compensation is the fast food of the insurance industry. Nobody notices it very much until there’s a case of indigestion, despite the important role it plays in the economy. As costs continue to increase, however, so does the search …

PCI Reports on Positive Components of Vermont Workers’ Comp Bill

A bill aimed at reportedly making badly needed changes to the workers’ compensation laws in Vermont has some very positive components, according to the Property Casualty Insurers Association of America (PCI). “House 632 is a comprehensive measure that addresses many …

Auto Insurance, Workers’ Comp Emerge Again as Top Leading Legal Issue Trends

Workers’ compensation and automobile insurance laws accounted for nearly 40 percent of the new property/casualty-related statutes enacted by state legislatures last year, according to the fifth annual analysis of trends in new state insurance legislation published by the National Association …

PCI Pleased with Mass. Legislators on Internet Bill

The Property Casualty Insurers Association of America praised the actions of the Massachusetts Legislature’s Joint Committee on Commerce and Labor for its approval of a bill, HB 1622, that would protect Massachusetts businesses from legal attacks resulting from the application …

Tami Stanton Named NAMIC Northeast State Manager

The National Association of Mutual Insurance Companies has selected Tami Stanton, former vice president of the Insurance Institute of Indiana, as state affairs manager for the Northeast United States. She will be pursuing the NAMIC’s strategic objectives before state legislatures …

NAMIC Report Details State Tort Reform Efforts

The National Association of Mutual Insurance Companies (NAMIC) recently released a report detailing state legislative efforts to reform the U.S. civil justice system. According to NAMIC, “Tort Reform: An Overview of State Legislative Efforts to Improve the Legal System,” is …