Blog Posts from Montpelier VT

Microsoft: What it means for captives

Microsoft: What it means for captives

Apr 25, 2019
By now, most in the captive insurance industry know about the Cease and Desist Order issued last year by the elected Washington Insurance Commissioner (the “Commissioner”) to Cypress, Microsoft’s Arizona-domiciled captive. The Commissioner ordered Cypress to stop transacting insurance and to pay Washington tax on its premiums, as well as interest and penalties. The dispute settled for $876,820, and Cypress issues its policies through a surplus lines broker.
New Standards for Determining Joint-Employer Status

New Standards for Determining Joint-Employer Status

Oct 08, 2018
On September 14, 2018, The National Labor Relations Board (the Board) issued a proposed regulation to establish the standard for determining whether two “employers” are joint employers of a group of employees under the National Labor Relations Act. The Rule can be found on the Federal Register website.
2018 Vermont Energy Legislative Updates

2018 Vermont Energy Legislative Updates

Jan 10, 2018
New Year, new energy bills to review. On January 3rd, the legislature returned for the 2018 session, presenting several new energy bills that may impact you and your business.