Vermont Business Magazine The State of Vermont licensed 25 new captive insurance companies in 2018, according to data released by the Department of Financial Regulation. The new licenses were made up of 12 pure captives, 4 risk retention groups (RRGs), 3 sponsored captives, 2 industrial insured captives, 2 special purpose financial insurers, 1 branch captive and 1 affiliated reinsurance company (ARC). The newly formed ARC is the first of its kind and comes less than a year after Vermont passed legislation establishing this new type of captive structure.
Vermont Business Magazine After the holiday season, packed with gifts and giving, some of us settle back into our routines with that post vacation glow, while others of us are reminded of the harsh, cold months ahead. Winter isn’t easy in Vermont, with temperatures frequently dropping below 0 and fuel costs rising, many Vermonters make difficult choices when budgeting their family’s basic needs.
Vermont Business Magazine Howard Center recently appointed Katherine Connolly, Michael Couture, Brandon del Pozo, and Hanneke Willenborg to its Board of Trustees for three-year terms. Kathy Connelly has lived in Vermont since 1979. Following a career in the insurance industry, she volunteered in the Burlington Community as a park commissioner, a city councilor, and a school commissioner. Kathy is a former Howard Center board member and previously served as a past president of the Howard Center Board. Kathy lives in Burlington.
Vermont Business Magazine The 5th Annual Jingle Bell on December 1 at the Equinox Resort in Manchester, VT, hosted a sold-out crowd of 160 people and raised more than $80,000 for Southwestern Vermont Health Care (SVHC). It was the final charity event of the health system’s 100th anniversary year.
Vermont Business Magazine Staff of Oceanair Marine, Ltd, of Manchester, VT, visited the Women’s and Children’s Department of Southwestern Vermont Medical Center (SVMC), a division of Southwestern Vermont Health Care (SVHC), on Friday, December 21 to deliver 19 hand-stitched, soft and colorful quilts and blankets for families being treated on the unit during the holidays.
Vermont Business Magazine The Vermont State Legislature passed the Essential Maintenance Practices (EMP) Law in 1996. The purpose of the law is to prevent children from getting lead poisoned in rental housing or child care facilities, requiring annual EMP inspections and the use of lead safe work practices when renovating or maintaining these properties. The law applies to all residential rental units and childcare facilities in buildings built prior to 1978.
US Senator Bernie Sanders “In Vermont, alone, over 1,300 federal workers may be going without a paycheck, thanks to Trump’s misguided government shutdown. These include employees who work at the TSA, the US Department of Agriculture, Customs and Border Patrol, and the Internal Revenue Service. As a result of this shutdown, there is growing concern in Vermont and around the country about how these federal employees are going to pay their mortgages, feed their families and provide for other basic needs without a paycheck...
Vermont Business Magazine Representative Peter Welch (D-Vermont) today presented Albert Besser of Morrisville with the Congressional Gold Medal in recognition of his heroic service as part of the Office of Strategic Services (OSS) during World War II. The Congressional Gold Medal is the highest honor that Congress can award to a civilian.
Vermont Business Magazine Encore Renewable Energy has been selected as one of the “Top 100 Impact Companies” of 2019. This first of its kind ranking was developed by Real Leaders, Big Path Capital, and B Lab, the organization leading the global movement of people using business as a force for good and overseeing the B Corp certification process. The RL100, in its inaugural year, recognizes and ranks the positive impact companies in North America that are leveraging the engine of capitalism for the greater good.
Vermont Business Magazine Electricians, nurses, and web developers are just some of the 60-plus Vermont careers expected to pay at least $20/hour and have at least 250 openings over the next decade. Newly updated research from the J. Warren & Lois McClure Foundation and the Vermont Department of Labor makes clear that high-pay, high-demand jobs do exist across the Green Mountain State for people of all interests and backgrounds.
Vermont State Police An investigation is underway Monday following a police shooting in the southwestern Vermont town of Arlington involving an armed man who fired multiple times at state troopers. The individual, Matt Novick, 40, of 535 Red Mountain Rd. in Arlington, is undergoing treatment for multiple gunshot wounds at Albany Medical Center in Albany, New York.
Vermont Business Magazine The Community College of Vermont will receive $350,000, thanks to Vermont Student Assistance Corp’s $31 million, seven-year federal GEAR UP grant awarded in October.