August 29, 2024
Editor’s Note: A previous version of this article referred to this transaction as an acquisition. As both insurers are mutuals, and as mutuals cannot be legally acquired, the structure of the affiliation is not setup as a true acquisition. Insurance …
March 31, 2021
State officials in Vermont say they’re ready to assist residents with insurance claims as they cleanup and rebuild following Friday’s tornado, which injured at least two people. The state Department of Financial Regulation said Saturday that residents who experienced property …
July 7, 2020
The Vermont Superior Court for Washington County has placed Global Hawk Insurance Company Risk Retention Group (Global Hawk RRG) into liquidation as of June 8, 2020. The liquidation is being handled by the Vermont Department of Financial Regulation, as Global …
February 20, 2019
Workers’ compensation insurance will continue to cost less for most Vermont employers when new rates approved by the Department of Financial Regulation (DFR) become effective on April 1, 2019. This is the third rate decrease since Governor Phil Scott took …
March 27, 2017
Vermont businesses should see a $28 million reduction in expenses this year from lower workers’ compensation and unemployment insurance costs. Democratic House Speaker Mitzi Johnson tells the Rutland Herald the state Department of Labor projected there will be a $76 …
February 7, 2017
Vermont Governor Phil Scott has announced that workers’ compensation insurance will cost less for most Vermont employers when new rates approved by the Vermont Department of Financial Regulation (DFR) become effective on April 1. This is Vermont’s first rate decrease …
December 22, 2016
The R Street Institute, a nonprofit public policy research organization headquartered in Washington, D.C., has found that Vermont has the best insurance regulatory environment in the U.S. for the third straight year in its annual Insurance Regulation Report Card. The …
December 22, 2016
Vermont Governor-elect Phil Scott announced he would reappoint Michael Pieciak as commissioner of the Department of Financial Regulation. The department will also retain the deputy commissioners for each of its four divisions, which include Cynthia Stuart for Banking, Kaj Samsom …
August 24, 2016
A new Vermont law introduces changes to the legal requirements for consumer litigation funding companies in the state. These companies will now need to get licensed and post a surety bond in order to operate legally. Vermont House Bill 84, …
July 6, 2016
Vermont Gov. Peter Shumlin has appointed Michael Pieciak as the commissioner of the Department of Financial Regulation (DFR), replacing Susan Donegan whose last day on the job was June 30. Pieciak previously served as deputy commissioner of DFR’s securities division. …