NU ONline News Service, April 22, 3:00 p.m. EDT
Vermont's captive insurance growth in the 2011 first quarter is the strongest start to a year since 2005, attributable to a wider understanding of the benefits of captive insurance, says the state's captive regulator.
Vermont licensed seven new captives in the first quarter of 2011, according to the Department of Banking, Insurance, Securities and Health Care Administration (BISHCA). The first-quarter pace surpasses Vermont's 30-year first quarter average of 5.2 captives.
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