Legal Troubles, Political Discourse Lead to Insurance Probation for Vermont Town
The insurance provider for the small Vermont town of Victory has placed the town on probation after a series of legal disputes and internal strife among current and former elected officials.
The board of the Vermont League of Cities & Town’s insurance provider announced its decision Friday.
The Caledonian Record reports the insurance provider described the reason as “a pattern of continued poor judgment and dysfunction which prevents the Town from following good risk management practices.”
The Vermont League of Cities and Towns had asked the board to drop the town’s coverage. The town requested that it keep the coverage while it worked to change its business practices.
Officials say the terms of the probation will be finalized at the next board meeting on Nov. 17.
- Insurance Covers Settlement Paid by Stocks Instead of Money: Delaware High Court
- North Carolina Sting Operation Alleges Roofer Damaged Shingles to File Claim
- Chubb, The Hartford, Liberty and Travelers Team Up on Surety Tech Launch
- McKinsey Plots Thousands of Job Cuts in Slowdown for Consulting Industry