Latest Vermont Headlines
All the headlines from our Vermont Topic Page, ordered by recency.
Pierce Elected PCI Chairman; Whitburn, Tierney Appointed to Vice Chair Positions
Oct 27 2004 // Harvey R. Pierce, chairman and chief executive officer of the American Family Insurance Group was elected chairman of the Property Casualty Insurers Association of America (PCI) at its annual meeting today. Pierce began...
VT. COURT SAYS TRACTOR IS NO TOY:
Oct 25 2004 // 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 tractor...
VERMONT WELCOMES ITS 700TH CAPTIVE:
Oct 11 2004 // 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 OSHA Probes Fatal Construction Accident
Oct 5 2004 // 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...
Vermont Welcomes Its 700th Captive
Sep 28 2004 // 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...
State Sets Vermont Hospitals’ Budgets
Sep 17 2004 // 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...
Toronto Bank Buying Majority of Banknorth
Sep 2 2004 // Officials at Banknorth Group, Inc. (NYSE: BNK) of Portland, Maine, and TD Bank Financial Group (TDBFG) of Toronto announced that they have signed a definitive agreement for TDBFG to acquire 51 percent of the outstanding...
Sweet Success
Aug 23 2004 // Only a few months ago, insurance captives were a topic of some criticism in the presidential primaries. But after Vermont Governor Dean was eliminated, candidates stopped talking about them and, come to think of it, about...
Captive Industry Makes Green Mountain State Even Greener
Aug 23 2004 // Vermonters from the governor on down are not shy about expressing their affection for the state’s captive insurance industry. At the recent 19th annual conference of the Vermont Captive Insurance Association (VCIA)...
Vt. Crime Project Pays for Windshield Repairs
Aug 11 2004 // A new pilot project in Burlington, Vermont will give up to $250 to help cover the cost of a smashed car window as long as the smashing took place in the city. The victim, who needn’t live in Burlington, must have a...
University of Vt., Captives Launch Training Program
Aug 11 2004 // The University of Vermont has joined a captive insurance industry group to launch a new educational program to serve the industry, the first of its kind in the nation. “Because the captive industry has grown so...
Vermont Supreme Court Rules Intentional Sexual Harassment Not Covered Under Liability Policies
Jul 12 2004 // The Vermont Supreme Court on July 9 rejected an effort by two women to collect from insurance companies covering the home and business of a man they said sexually harassed them. Cindy Serecky and Shannon Gioia were...
Veto of Vt. UIM Bill Upheld:
Jul 5 2004 // Vermont House members gathered for a brief reunion a bit less than a month after they thought they had finished for the year, voted to sustain Gov. James Douglas’ veto of a bill relating to car insurance, and went...
Veto of Vt. UIM Bill Upheld
Jun 18 2004 // Vermont House members, gathered for a brief reunion a bit less than a month after they thought they had finished for the year, voted to sustain Gov. James Douglas’ veto of a bill relating to car insurance and went...
Vt. Lawmakers to Respond to Uninsured Bill Veto
Jun 10 2004 // Vermont lawmakers will return to the capital next week to respond to Gov. James Douglas’ veto of a bill that backers said would fill a gap in car insurance coverage. House Clerk Donald Milne said that he had sent a...
Vermont to Mandate Safety Course for Motorcyclists
Jun 1 2004 // Vermont motor vehicles officials are preparing a mandatory four-hour classroom course for new motorcyclists. The state is working with the Motorcycle Safety Foundation, a national nonprofit organization in Irvine, Calif.,...
Vermont Gov. Douglas Signs Law Amending WC Filing Limit and Requiring Medical Fee Schedule
May 28 2004 // Vermont Gov. James Douglas (R) has signed important workers’ compensation reform legislation (H. 632) supported by the insurance industry including the American Insurance Association (AIA). The new law reduces the...
Vermont Senators Seek Drunk Boating Penalties
May 21 2004 // Two state senators want to make penalties for boating while intoxicated similar to those imposed for driving while intoxicated. Sens. John Campbell, D-Windsor, and Vincent Illuzzi, R-Essex-Olreans, said a proposal would...
Vermont Home to Record Lawyer Population
Apr 28 2004 // Vermont has reached a new milestone: the number of lawyers is at a record level. So is the number of lawyers per capita. Vermont now ranks in or near the top 10 states for its supply of lawyers. Vermont has been adding...
Vermont’s Chittenden Reports Q1 Earnings
Apr 23 2004 // Chittenden Corporation (NYSE: CHZ) Chairman Paul A. Perrault announced earnings for the quarter ended March 31, 2004 of $17.5 million or $0.47 per diluted share, compared to $16.6 million or $0.49 a year ago. Chittenden...
