Captive Insurance Booming In Vermont

Oct 14, 2013

One industry brings millions of dollars a year to the state in taxes and fees, and you’re not likely to see their offices on your main street. Last week, the Governor held a press conference to announce the 1,000th captive insurance business in Vermont.

Dave Provost is the Deputy Commissioner of Captive Insurance for the Department of Financial Regulation. He spoke with Vermont Edition about why companies are drawn to Vermont for captive insurance.