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 …
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, …
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. …
The Vermont Department of Financial Regulation (DFR) has issued a bulletin reminding carriers that “non-cumulation” policy provisions and endorsements in occurrence-based liability policies are not permissible under Vermont law. DFR Commissioner Susan L. Donegan said in the Insurance Bulletin No. …
Susan L. Donegan, who has been serving as commissioner of the Vermont Department of Financial Regulation (DFR) for past three years, will step down from her position. Donegan’s last day in office will be June 30, according to a department …
Vermont Department of Financial Regulation (DFR) Commissioner Susan L. Donegan announced that Travelers Insurance Co. and Liberty Mutual Insurance Co. have paid Vermont $154,000 in fines and repaid consumers another $54,500. Donegan said on March 10 that the two insurance …
Vermont Department of Financial Regulation Commissioner Susan L. Donegan announced on Feb. 26 that Continental Indemnity Co., a subsidiary of Applied Underwriters Inc., a Berkshire Hathaway Company, has paid Vermont $335,000 and owes 16 Vermont businesses an additional $352,000. The …
The Vermont Department of Financial Regulation announced on July 31 that the state regulators licensed 14 new captives during the first seven months of 2015, already nearing the full-year 2014 total of 16. The newly licensed captives include seven pure …
Vermont regulators issued a bulletin last week addressing the issue of “price optimization” in personal lines ratemaking. The Vermont Department of Financial Regulation (DFR) noted in the bulletin that some property/casualty insurers have been relying upon the practice of price …
Vermont’s Democratic Gov. Peter Shumlin, who was sworn in to a third two-year term last Thursday, will reappoint Susan L. Donegan as commissioner of the Department of Financial Regulation (DFR).
