Thu, 01/28/2021 - 2:31pm tim
Vermont Business Magazine The Vermont Department of Financial Regulation (DFR) cautions Vermonters about the significant risks associated with investing in publicly traded companies that are experiencing extreme price volatility due to stock speculation.
DFR’s warning comes in light of the stock price volatility experienced over the past few weeks by GameStop Corporation, whose shares trade on the New York Stock Exchange.
GameStop’s price volatility stems from an ongoing battle between a major U.S. hedge fund, Melvin Capital, and amateur stock traders on the internet, mainly from a Reddit community called r/wallstreetbets or WSB.
Thu, 01/21/2021 - 1:03pm tim
Vermont Business Magazine The Vermont Department of Economic Development announced today that the State of Vermont licensed 38 new captive insurance companies in 2020, Vermont is now home to 589 licensed captives, consisting of 564 active and 25 dormant captive insurance companies.
“It is great news that Vermont has remained a consistent leader in the captive industry during the coronavirus pandemic,” said Commissioner of Economic Development Joan Goldstein. “Captive insurance plays a key role in our efforts to strengthen the state economy and its growth is welcomed as the pandemic continues to impact every sector of our economy.”
The new captives were licensed in healthcare, real estate, manufacturing, insurance, transportation, technology, construction, and professional services. New and notable companies this year include the University of Southern California, State Street Bank, Saputo, and the Blackstone Group. At least six of Vermont
Vermont licenses 38 new captives in 2020
20-01-2021
Other related
17-06-2016
The State of Vermont licensed 38 new captive insurance companies in 2020, according to the Vermont Department of Economic Development, with 11 of those licenses issued in Q4 alone.
Vermont is now home to 589 licensed captives, consisting of 564 active and 25 dormant captive insurance companies.
The new captives were licensed in healthcare, real estate, manufacturing, insurance, transportation, technology, construction, and professional services. New and notable companies this year include the University of Southern California, State Street Bank, Saputo, and the Blackstone Group.
At least six of Vermont’s new captives in 2020 were formed by companies with international roots, including Canada, Sweden, Dubai, Australia, and two from Germany.
Thu, 01/07/2021 - 3:17pm tim
Vermont Business Magazine The Vermont Department of Health today is reporting the second highest single-day total of COVID-19 cases with 214. It s also only the second time cases have surpassed 200 since the beginning of the pandemic last March. The highest total was December 2 with 223. VDH also reported three more deaths for 155 total statewide. Chittenden (72) and Addison (41) counties accounted for the majority of the cases.
COVID-19 cases already are ahead of projections posted on Tuesday by the Vermont Department of Financial Regulation, which has undertaken the COVID-19 modeling. Regional cases have been climbing even faster than Vermont s as health officials and government leaders across the nation brace for what could be another post-holiday wave of infections.