News
Senator Patrick Leahy (D-VT) today announced that he will file an amendment to the Patient Protection and Affordable Care Act that will repeal the health insurance and medical malpractice insurance industries’ exemption from federal antitrust laws.
Blue Cross and Blue Shield of Vermont has been ranked as the top commercial health plan in Vermont for the second consecutive year. The rankings, released in the December 2009 issue of US News and World Report, are based on quality review information from the National Committee Quality Assurance (NCQA).
TransUnion.com released today the results of its analysis of trends in the auto lending industry for the third quarter of 2009. The national 60-day auto delinquency rate (the ratio of auto loan borrowers 60 or more days past due) rose between the second and third quarters of 2009 (from 0.73 percent to 0.81 percent).
Peet’s Coffee & Tea, Inc of Emeryville, CA, announced yesterday that it has upped its bid for Diedrich Coffee Inc another 50 cents per share to the equivalent of $32.50 in cash and stock.
Ledyard National Bank is pleased to announce that Michael W Quinn has joined their office at 38 South Main Street in Hanover as Vice President and Commercial Lender. Prior to joining Ledyard, Mike was the Commissioner of Economic Development for the State of Vermont, where he was responsible for retaining, expanding and recruiting Vermont businesses.
Commissioner Patricia Moulton Powden has announced that the Department of Labor has begun notifying individuals potentially eligible for additional Emergency Unemployment Compensation authorized under the Workers Assistance Act signed by President Obama earlier this month.
VSECU has become the first credit union in Vermont approved to serve anyone who lives or works anywhere in the state. The decision came from the Vermont Department of Banking, Insurance, Securities and Health Care Administration (BISHCA).
The Vermont Agency of Transportation has chosen Kubricky Construction, of Glens Falls, NY, to do the Vermont land work associated with the new, temporary ferry service at the Crown Point Bridge location. Kubricky has already begun mobilizing equipment and staking out ground in preparation for full-scale construction to begin on Monday.
The Task Force was created earlier this year to examine the Vermont State Colleges and University of Vermont systems to determine what academic and administrative efficiencies and improvements could be achieved through their close coordination or consolidation.
The Federal Home Loan Bank of Boston (the Bank) has awarded $3.0 million in the form of grants, loans, and interest-rate subsidies through its Affordable Housing Program (AHP). These funds will be used to finance 79 units of affordable rental and ownership housing for households earning at or below 80 percent of area median income in three New England states.
There were 1,310 new regular benefit claims for Unemployment Insurance last week, an increase of 67 from the week before. Altogether 11,410 new and continuing claims were filed, an increase of 482 from a week ago and 1,918 more than a year earlier.
Senate President Peter Shumlin announced today that thanks to the tremendous generosity of Vermonters, Operation Holiday Homecoming has been successful and we will be bringing all Vermont National Guard troops home for the holidays.