BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Vermont names financial regulation chief


Vermont Gov. Peter Shumlin this week named Michael Pieciak as commissioner of the Department of Financial Regulation, succeeding Susan Donegan, who left at the end of June.

Previously, Mr. Pieciak served as deputy commissioner of the department's Securities Division. Before that, he was an attorney with the law firm Skadden, Arps, Slate, Meagher & Flom L.L.P. in New York.

A key Department of Financial Regulation unit is its Captive Insurance Division, which regulates Vermont-domiciled captive insurers. Currently, Vermont has 588 captives, making it the largest captive domicile in the United States and the third largest in the world.

Read Next

  • Vermont eases tax rules on dormant captives

    Vermont Gov. Peter Shumlin has signed legislation clarifying that certain types of captives, such as sponsored and industrial insured captives that are not writing any business be allowed to enter a dormant status, exempting the captives from Vermont’s minimum annual premium tax.