Vermont News

Hospitality Risks: A Game for Captives

Why a Captive Solution Might Grow Your Hospitality Book, and Revenue Too Hospitality owners have concerns with retaining risk that they cannot transfer to the insurance market and owners are looking for legitimate ways to preserve their firms’ assets or …

States Take Action Against Health Care Reform

Many U.S. states are worried that the health care overhaul plan approved by the U.S. House of Representatives will usurp their sovereignty and impose more spending on their already stretched budgets. Republican attorneys general in at least 12 states announced …

Rourke Named Connecticut Manager for Acadia

Maine-based insurer Acadia Insurance Co. has named Christopher Rourke as its new regional vice president-Connecticut branch manager. Rourke will help to develop and monitor the overall underwriting, marketing, loss control and claims strategies for the Connecticut office. He will be …

How States Are Responding to Healthcare Reform Law

Many U.S. states are worried that the healthcare overhaul plan approved by the U.S. House of Representatives will usurp their sovereignty and impose more spending on their already stretched budgets. Republican attorneys general in at least 12 states announced on …

Losses From Latest East Coast Snow Storm Pegged at up to $300M

Boston-based risk modeling firm AIR Worldwide estimated that the insured losses from the winter storm that struck the East Coast between February 23 and 28 will be between $150 million and $350 million. Total Insured losses from two prior storms …

Will Gay Marriage Bring Marketing Opportunities for Agents?

In business, change brings opportunity. And when it comes to the wave of states that have recently legalized gay marriage, some see a marketing opportunity in selling insurance products for same-sex couples. And why not? The “gay market” in the …

IRS, States Target Employer Abuse of Classification of Independent Contractors

The Internal Revenue Service and 37 states are cracking down on companies that try to trim payroll costs by illegally classifying workers as independent contractors, rather than as full employees, the Associated Press has learned. The practice costs governments billions …

IRS, States Target Employers’ Use of Independent Contractors

The Internal Revenue Service and 37 states are cracking down on companies that try to trim payroll costs by illegally classifying workers as independent contractors, rather than as full employees, The Associated Press has learned. The practice costs governments billions …

IRS, States Target Employer Abuse of Classification of Independent Contractors

The Internal Revenue Service and 37 states are cracking down on companies that try to trim payroll costs by illegally classifying workers as independent contractors, rather than as full employees, The Associated Press has learned. The practice costs governments billions …

Vermont Firms to See Decline in Workers’ Comp Costs

Vermont Gov. Jim Douglas says the state’s business owners are going to be paying less for workers’ compensation insurance. The new rates that will take effect April 1 will mark the fourth consecutive year in which rates have decreased. The …