Vermont News

IRS Tax Code Change Called Threat to Captive Insurance States

U.S. Rep. Peter Welch, D-Vt., is asking the U.S. Treasury to block a pending tax code change seen by some as a threat to Vermont’s captive insurance industry. Welch and three Democratic colleagues from states that also have captive insurance …

Caremark to Pay $41 Million in Settlement to Washington, Other States

Washington State Attorney General Rob McKenna announced that Washington will receive nearly $1.7 million as part of a $41 million settlement between 29 states and Caremark Rx, LLC, one of the nation’s largest pharmacy benefits management companies. As part of …

Vermont Firefighters Join Campaign for Photoelectric Smoke Detectors

When a fire killed a Barre, Vermont mother and four children in 2005, there was something peculiar: As firetrucks arrived, the apartment was full of smoke and had a working smoke detector, but it wasn’t sounding its alarm. Months later, …

Declarations

Remaining Confident “We remain confident that there will be a day when medical marijuana patients are not discriminated against in the workplace.” —Safe Access attorney Joe Elford, reacting to a decision by the California Supreme Court that allows employers to …

People

Former Ace Ltd. CEO and Chairman Brian Duperreault has stepped down from the Bermuda-based insurer to assume to role of president and CEO of Marsh & McLennan Companies Inc. Duperreault replaces Michael Cherkasky, who had been president and CEO since …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Collector Vehicles Nuts & Bolts: Markel American Insurance Co. has introduced a collector vehicle insurance …

Vermont Captive Leader Crouse to Retire

Leonard Crouse, Vermont deputy commissioner of captive insurance and a fixture in the state’s captive insurance industry for 18 years, has announced his plans to retire effective June 1. For more than 30 years Crouse has been a nationally recognized …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Health Club Nuts & Bolts: Sports & Fitness Insurance is a national underwriting facility specializing …

Up in Smoke No More

States aim to prevent residential fires by requiring ‘fire safe’ cigarettes Movies — think Lauren Bacall and Humphrey Bogart in “The Big Sleep” — often make cigarette smoking look glamorous. Of course, in reality, the practice is anything but. In …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Collector Vehicles Nuts & Bolts: Markel American Insurance Co. has introduced a collector vehicle insurance …