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Vt.: NCCI 2025 WC loss cost decrease approved

Vt.: NCCI 2025 WC loss cost decrease approved

by Dan Corbin, CPCU, CIC, LUTC | Mar 12, 2025 | Featured, Technical

The Vermont Department of Financial Regulation approved the revised workers’ compensation voluntary loss cost filing made by the National Council on Compensation Insurance—consisting of an overall 7.4% decrease. In addition, a decrease of 11.3% of the overall assigned...

Vt.: Stricter penalties for retail theft of merchandise—new law effective now

Vt.: Stricter penalties for retail theft of merchandise—new law effective now

by Bradford J. Lachut, Esq. | Jul 3, 2024 | Advocacy, Featured, General News

Vermont will enforce a new law aimed at curbing retail theft by increasing penalties for offenders, effective July 1, 2024. This new law is a response to rising concerns over retail theft and its impact on businesses and communities. Here's what you need to know about...

Vt.: Mandatory flood risk disclosure for real estate transactions passes state Legislature 

Vt.: Mandatory flood risk disclosure for real estate transactions passes state Legislature 

by Bradford J. Lachut, Esq. | May 28, 2024 | Association, Featured

Recently, the Vermont Legislature passed a significant piece of legislation to enhance transparency in real estate transactions and rental agreements concerning flood risk. The measure, which is part of a larger piece of legislation (H.687), would mandate that...

Do road conditions effect the wellness of the U.S. economy?

Do road conditions effect the wellness of the U.S. economy?

by Maura Rosner | Mar 7, 2023 | General News

According to data collected by the U.S. Department of Transportation and the U.S. Census Bureau, and analyzed by MoneyGeek, road conditions and the money spent on overall maintenance varies tremendously from state to state. What this seems to mean is that regardless...

Vt.: NCCI 2023 WC loss cost decrease of 6.7% approved

Vt.: NCCI 2023 WC loss cost decrease of 6.7% approved

by Dan Corbin, CPCU, CIC, LUTC | Jan 31, 2023 | Featured, Technical

The Vermont Department of Financial Regulation approved the revised workers’ compensation voluntary loss cost filing made by the National Council on Compensation Insurance, consisting of an overall 6.7% decrease. In addition, a decrease of 6.9% of the overall assigned...

Conn./N.H./Vt.: New England’s midterm results

Conn./N.H./Vt.: New England’s midterm results

by Clare Irvine, Esq. | Nov 10, 2022 | General News

Connecticut’s, New Hampshire’s, and Vermont’s midterm results helped bolster the Democrats nationally, helped the Republicans keep two gubernatorial seats, and had strong turnouts across the three states. The Democrats held onto all the Senate seats up for election in...

Vermont Supreme Court allows novel ‘physical damage’ COVID-19 theory to proceed

Vermont Supreme Court allows novel ‘physical damage’ COVID-19 theory to proceed

by Bradford J. Lachut, Esq. | Sep 27, 2022 | Featured, General News

Recently, the Vermont Supreme Court ruled in the case of Huntington Ingalls Industries v. Ace American Insurance Co., that a policyholder could proceed with a business interruption claim that alleges that the COVID-19 virus caused physical damage to property when it...

Vt.: DFR approves NCCI 2022 4.9% WC loss cost decrease

Vt.: DFR approves NCCI 2022 4.9% WC loss cost decrease

by Dan Corbin, CPCU, CIC, LUTC | Jan 31, 2022 | Technical

The Vermont Department of Financial Regulation approved the original workers’ compensation voluntary loss cost filing made by the National Council on Compensation Insurance, consisting of an overall 4.9% decrease. In addition, a decrease of 5.6% of the overall...

NCCI 2021 WC loss cost decrease of 5.5%

NCCI 2021 WC loss cost decrease of 5.5%

by Dan Corbin, CPCU, CIC, LUTC | Feb 10, 2021 | Technical

The Vermont Department of Financial Regulation approved the original workers’ compensation voluntary loss-cost filing made by the National Council on Compensation Insurance, consisting of an overall 5.5% decrease. Additionally, a decrease of 4.6% of the overall...

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