NU Online News Service, Aug. 17, 1:01 p.m. EDT

BURLINGTON, Vt.—Vermont's goal is to remain number one in the captive insurance business in the United States and next, the world, Gov. Peter Shumlin says last week at the Vermont Captive Insurance Association conference.

"It doesn't matter if we have Republican governors, or Democratic governors—we get it," he says. "This is an economic engine in Vermont and we're going to do everything we know how to keep the other 49 states in hibernation and to continue to tell the Cayman Islands and a couple of other little islands down there, 'Watch out.'"

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.