Latest Vermont Headlines

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

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 more...

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...

Vermont Workers’ Comp Changes Reduce Savings

Apr 7 2004 // A Vermont state Senate panel is putting the final touches on a bill designed to lower workers’ compensation insurance costs, as business lobbyists complained the measure would raise them instead.The Senate Committee...

Vermont Approves Workers’ Comp Hikes

Mar 24 2004 // Vermont Commissioner John P. Crowley has approved workers’ compensation insurance rate increases of 10.3 % in loss costs for the voluntary market and an increase of 14.2 % in the rates for the assigned risk market,...

All Wrapped Up in Workers’ Comp

Mar 22 2004 // No surprise, but with the first quarter of 2004 drawing to a close, workers’ compensation remains, as it has been for many years, one of the most troubled lines of insurance in the United States.On a calendar year...

National Life of Vermont Begins Job Cuts

Mar 19 2004 // The company that is taking over the information services technology division at National Life Insurance Co. in Montpelier has begun telling employees who will keep their jobs and who will be let go.Of the 90 information...

NAMIC Urges Vermont to Criminalize Industry Fraud

Mar 17 2004 // A Vermont House bill that establishes an insurance fraud law is reportedly an important weapon in strengthening a comprehensive, nationwide fight against insurance fraud. House Bill 742 arms law enforcement personnel and...

Vermont House Advances Workers’ Comp Reforms

Feb 26 2004 // The Vermont House this week gave preliminary approval to a series of measures designed to lower workers’ compensation insurance premiums.The 101-39 vote came after critics of the bill complained that it would hurt...

Vermont Renews Ed. Contract with Experior

Feb 13 2004 // Experior Assessments, LLC announced that the Vermont Department of Banking, Insurance, Securities and Health Care Administration has re-awarded Experior(R) a two-year contract for the administration of Vermont’s...

Vermont Looks to Heal Injured Workers’ Comp System

Feb 9 2004 // Workers’ compensation is the fast food of the insurance industry. Nobody notices it very much until there’s a case of indigestion, despite the important role it plays in the economy. As costs continue to...

VT. POLICY TRANSFER DEAL KILLED:

Feb 9 2004 // A plan to transfer 4,100 health insurance policies from Mutual of Omaha to Blue Cross/Blue Shield of Vermont fell apart over questions of creating a subsidiary for the deal. Mutual of Omaha, which is getting out of...

VT. SETS RECORD FOR NEW CAPTIVES:

Feb 9 2004 // Howard Dean may be grabbing the headlines, but Vermont’s captive insurance division is also doing quite well. It licensed an all-time record of 77 new captives in 2003, eclipsing last year’s record of 70 and...

PCI Reports on Positive Components of Vermont Workers’ Comp Bill

Feb 6 2004 // A bill aimed at reportedly making badly needed changes to the workers’ compensation laws in Vermont has some very positive components, according to the Property Casualty Insurers Association of America...

Vermont Commissioner Lists “Top 10” Investment Fraud Schemes

Jan 21 2004 // Vermont’s Department of Banking, Insurance, Securities and Health Care Administration (BISHCA) Commissioner John Crowley issued a bulletin aimed at helping investors cope with the “increasingly complex and...

VCIA to Hold Captive Seminar in San Antonio

Oct 9 2003 // The Vermont Captive Insurance Association (VCIA) will hold an informative seminar on the benefits of captive insurance in San Antonio, Texas on Oct. 15, 2003 at the Westin La Cantera Resort. The seminar, entitled...