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Vermont State Colleges Trustees approve consolidation, campuses to stay open
The Vermont State College System Board of Trustees have voted to move forward with the proposal outlined by the state’s Select Committee on the Future of Public Higher Education in Vermont. The proposal will unify the three residential colleges, Castleton University, Northern Vermont University, and Vermont Technical College, under a common accreditation in Academic Year 2023-2024 while maintaining the Community College of Vermont as a separate institution. Additionally, the system will streamline services across the institutions through significant administrative consolidation. The board said it is committed to maintaining the current campus locations. A single president of the consolidated colleges would take over by January 2022.
LCSWMA forms Vermontâs 1,200th captive
10-02-2021
Vermont’s Department of Financial Regulation (DFR) has licensed the state’s 1,200th captive insurance company.
Sustainable Assurance Company was granted a license as a pure captive for Lancaster County Solid Waste Management Authority (LCSWMA) on January 1, 2021. Artex Risk Solutions serves as the captive manager.
LCSWMA collects energy, landfill, transfer station and household hazardous waste and minimises its environmental impact via a portfolio of sustainability projects, some in partnership with the private business sector.
With rising premium costs, combined with a hardening underwriting market, LCSWMA was having difficulty finding property coverage.
Robert Zorbaugh, chief executive officer of LCSWMA, said it had been an easy decision to select its domicile. “Vermont has a rich history, proven experience, and has a great reputation in the industry. We wanted to do it right and partner with the best to make
Vermont Captive Celebrates 1,200th Licensed Captive Insurance Company
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Vermont licenses its 1,200th Captive Insurance Company
As Vermont reaches another significant milestone for our Captive Insurance industry, we look forward to continuing to grow our reputation as a global leader in this sector and utilize our position to bring more Captives to Vermont, said Governor Phil Scott. MONTPELIER, Vt. (PRWEB) February 11, 2021 Governor Phil Scott announced today that the Department of Financial Regulation (DFR) has licensed Vermont’s 1,200th captive insurance company. Sustainable Assurance Company was granted a license as a pure Captive Insurance Company on January 1, 2021. It was formed by the Lancaster County Solid Waste Management Authority (LCSWMA).