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
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?
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
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
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
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
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%
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...