Latest Vermont Headlines

All the headlines from our Vermont Topic Page, ordered by recency.

Blue Cross Blue Shield of Vermont Trying to Recoup Over $500K

Jun 23 2015 // Vermont’s largest insurance carrier is trying to recover more than $500,000 in claims for 600 patients who mistakenly received benefits due to a Vermont Health Connect’s technological error. The state’s...

New Vermont Law Makes Child Safety Priority

Jun 17 2015 // Vermont’s new child safety law shifts the state’s priority in protecting children to their well-being from an imperative to reunite them with their families, officials said Monday during the governor’s...

People – East

Jun 1 2015 // Benjamin M. Lawsky announced his plan to leave the New York State Department of Financial Services (NYDFS) in late June after four years serving as the newly created agency’s first superintendent.Lawsky was nominated...

NFP Acquires Hackett Valine & MacDonald in Vermont

May 19 2015 // NFP, a New York City-based provider of employee benefits, property/casualty insurance, retirement and wealth management services, announced its acquisition of Hackett Valine & MacDonald Inc. (HVM)., an independent...

Vermont’s New Captive Law Revises Capital Requirements

May 18 2015 // Vermont Gov. Peter Shumlin signed new legislation passed in April that brings several changes to the state’s captive insurance rules – including changes to the investment guidelines to allow “marketable...

Vermont Mutual Hires Moore as VP of Underwriting

May 11 2015 // Terry Moore Vermont Mutual Insurance Group has appointed Terry Moore as vice president of underwriting. He will be based in Vermont Mutual’s Montpelier, Vermont, headquarters. Moore comes to Vermont Mutual from...

New England States Launch Regional Crackdown on Speeding

May 7 2015 // State police across New England launched the region’s first coordinated crackdown on speeding and failing to wear seat belts.Connecticut Gov. Dannel P. Malloy on Monday announced the “New England Drive to Save...

Vermont’s New Captive Legislation to Revise Some Capital Requirement Rules

May 6 2015 // Vermont officials announced that Gov. Peter Shumlin will sign new legislation passed in April that would bring several changes to the state’s captive insurance rules — including changes to the investment...

People – East

May 4 2015 // The Hartford named Kathy Bromage as chief marketing and communications officer and David Robinson as executive vice president and general counsel, effective June 1, 2015.Bromage joined The Hartford in 2004 as chief...

Vermont Lawmakers Weigh Roadside Spit Test to Detect Drugged Driving

Apr 23 2015 // Vermont is one of a growing number of states looking at following Colorado and Washington’s lead by legalizing marijuana, but there’s a problem. How can police identify those too stoned to drive?The Vermont...

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 York...

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...