Tag: Vermont insurance

Health insurance rates in Vermont are the first in the U.S. to be posted

Vermont Health insurance exchanges

This will let the residents of the state know what they can expect their premiums to be. Vermont has just become the very first state in the country to share what its health insurance rates will be when they begin to use the online exchange in order to purchase their coverage to comply with the “individual mandate”. This gives residents an idea of the rates they’ll pay starting in October when the marketplace opens. The state has released its rate proposals. They aren’t yet set in stone, but at least…

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Vermont licensed more than 40 new captive insurance companies in 2011, expects to license more this year

S.Vagus

The Vermont Banking, Insurance, Securities and Health Care Administration has released new data that shows the state has added 41 new captive insurance companies in 2011. The state is home to more than 590 active captive insurance groups currently, with a total of 952 licensed insurers.2011 was the sixth consecutive year in which Vermont added more than 40 new captives to the market, showing the growing trend of captives in the state’s insurance industry. Captives have always been popular in the insurance business, but more insurance organizations are opting to…

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Research ranks auto insurance premiums by state and finds uninsured increase costs

Julie Campbell

An online survey conducted by Insure.com, has shown that drivers in Louisiana, Michigan, and Oklahoma pay highest premiums for auto insurance in the country. On the flip side, Vermont had the lowest car insurance rates, according to the same survey. The findings were based on the rates paid every year by single males who are 40 years old and who commute 12 miles every day to work. This profile would generate a rate of $995 in Vermont, but was much higher in some other states. For example, the same person…

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Vermont adopts single-payer health system

The state of Vermont is edging closer to a single-payer health system. The new system would have state residents transition into a publicly funded insurance program that would be responsible for paying hospital bills and other medical expenses. The system has received approval from the state Legislature and is to be built as soon as possible. Vermont is the first state in the U.S. to adopt a single-payer health system. Legislators will have to iron out the specific regulations that will govern the system before anyone can begin using it.…

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Vermont DUI convictions may be in error

Hundreds of DUI convictions, including license suspensions may go back to court or be over-turned completely. Defense attorneys and several counties’ states attorney’s from across Vermont are looking at cases from 2008 to present date that may be thrown out. Human error and oversight in setting up and maintenance of breath analysis machines has been identified as the cause. Results of DUI tests from a DataMaster DMT breath analysis machine at the Vermont State Police station are now under microscopic scrutiny. The state Department of Health was in charge of…

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