Vermont increased its number of captive-insurance companies in 2011 from the two previous years as the state continues to see growth in that industry, capturing six captives that were domiciled elsewhere.
The state released its figures Jan. 10, stating that in 2011 Vermont licensed 41 new captive-insurance companies, according to data released by the Vermont Banking, Insurance, Securities and Health Care Administration (BISHCA).
Last year the state announced it licensed 33 new captive-insurance companies in 2010, down from the 39 it licensed in 2009.
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