Vermont Becoming Leader in Captive Insurance Market

A Burlington Free Press article, Captive insurance conference begins in South Burlington, tells the story of Vermont's leadership in the "captive insurance" market.

"A captive insurance company is established, for example, when a corporation develops a subsidiary, which is licensed in Vermont, and uses it to provide various types of insurance to the corporate parent.... Medical malpractice is one of the most quickly growing fields for the industry..."

Bermuda and the Cayman Islands are the only two locales that are more active than Vermont in the captive insurance market.