Latest Vermont Headlines
All the headlines from our Vermont Topic Page, ordered by recency.
Vermont Mutual Names Bridge as President to Succeed Catto
Apr 17 2015 // Daniel C. Bridge Vermont Mutual Insurance Group announced that its Board of Directors has elected Executive Vice President Daniel C. Bridge as president of the Group. Bridge succeeds President and CEO William A. Catto who...
IRS Names Microcaptives as Top Abusive Tax Scheme
Apr 15 2015 // The IRS is growing increasingly uncomfortable that an increasing number of smaller companies and professional firms have been doing what larger companies do — creating their own or joining a captive insurer. The IRS...
NGM Insurance Brings Expanded Work Comp Program to Vermont
Apr 14 2015 // The Main Street America Group’s NGM Insurance Co. has introduced an expanded workers’ compensation program in Vermont via its network of independent insurance agents across the state. NGM’s expanded...
People – East
Apr 6 2015 // Connecticut Governor Dannel P. Malloy has appointed Katharine L. Wade as new commissioner of the Connecticut Insurance Department. Wade succeeds Thomas B. Leonardi who stepped down from the post in December to join New...
Vermont Mutual Insurance Group CEO Catto to Retire in June
Mar 17 2015 // Vermont Mutual Insurance Group announced Group President and CEO William A. Catto will retire from the company on June 30, 2015. The company said it expects to announce Catto’s successor after its board meeting in...
Vermont Health Chief: Exchange Cost Pushes $200M
Mar 12 2015 // As Vermont’s health care reform chief was about to address lawmakers Tuesday on Vermont’s trouble-plagued health insurance exchange, his computer presentation couldn’t get started. “Once again,...
Vt. Captive Insurance Gross Written Premium Nears $30B
Feb 9 2015 // Vermont licensed 16 new captives in 2014 and the state’s captive insurance gross written premium is nearing $30 billion, according to the Vermont Captive Insurance Division. The new captives were made up of 10 pure...
President Declares Disaster for Vermont Due to Snowstorm
Feb 4 2015 // The U.S. Department of Homeland Security’s Federal Emergency Management Agency announced that federal disaster aid has been made available to Vermont to supplement state and local recovery efforts in the area...
Spencer Capital Holdings to Acquire USA Risk Group in Vermont
Feb 3 2015 // Spencer Capital Holdings Ltd., the parent company of reinsurer Spencer Re, has agreed to acquire USA Risk Group, an independent captive insurance manager based in Barre, Vermont. Financial terms of the transaction were not...
Report Card Rates States on Insurance Regulation
Jan 26 2015 // Vermont gets a grade of “A+” and California and North Carolina get grades of “F” in the annual report card on state insurance regulation issued by the free market think tank, The R Street...
How States Rate on Insurance Regulation, ‘A’ to ‘F’
Jan 26 2015 // Vermont gets a grade of “A+” and California and North Carolina get grades of “F” in the annual report card on state insurance regulation issued by the free market think tank, The R Street...
Report Card Rates States on Insurance Regulation
Jan 26 2015 // Vermont gets a grade of “A+” and California and North Carolina get grades of “F” in the annual report card on state insurance regulation issued by the free market think tank, The R Street...
Vermont Captive Insurance Gross Written Premium Nears $30B
Jan 22 2015 // Vermont licensed 16 new captives in 2014 and the state’s captive insurance gross written premium is nearing $30 billion, according to data released today by the Vermont Captive Insurance Division. The new captives...
Vermont’s Donegan to Be Reappointed as DFR Commissioner
Jan 12 2015 // Susan L. Donegan, commissioner of the Vermont Department of Financial Regulation Vermont’s Democratic Gov. Peter Shumlin, who was sworn in to a third two-year term last Thursday, will reappoint Susan L. Donegan as...
Vermont Traffic Fatalities Down 38% in 2014
Jan 8 2015 // Preliminary reports show that Vermont traffic fatalities declined 38 percent in 2014 to the lowest number since World War II. The Vermont Highway Safety Alliance says 43 people died on the state’s roadways last year,...
How States Rate on Insurance Regulation, ‘A’ to ‘F’
Jan 8 2015 // Vermont gets a grade of “A+” and California and North Carolina get grades of “F” in the annual report card on state insurance regulation issued by the free market think tank, The R Street...
NCCI Proposes Decrease for Workers’ Comp Loss Costs in Vermont
Dec 5 2014 // 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...
Cigna to Pay Vermont Nearly $400K in Fines
Dec 3 2014 // 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...
Vermont Dairy Farms Face Deadline to Enroll in Price Protection Program
Dec 3 2014 // Vermont dairy farmers face a Friday deadline to enroll in a new price protection program. The Margin Protection Program is a voluntary insurance program that enables dairy farmers to protect themselves from low prices. The...
Vermont to Enforce Seat Belt Law Over Thanksgiving Holiday
Nov 25 2014 // The Vermont Governor’s Highway Safety Program is going to be sponsoring a holiday “Click It or Ticket” campaign to encourage the use of seat belts and child safety seats. Beginning on Wednesday, Nov. 26,...
