Bloomberg News

Vermont Says 32 Captives Added in 2012, Fueled by Construction

January 16, 2013

Vermont licensed 32 so-called captive insurers last year as construction and manufacturing firms turned to the state as they established self-insurance programs.

New licensees, including Deutsche Bank AG (DBK), ConocoPhillips (COP:US), Allstate Corp. (ALL:US) and Tyco International Ltd. (TYC:US), bring Vermont’s total to 984, according to a news release today from the state. Vermont licensed 41 captives in 2011.

To contact the reporter on this story: Elizabeth Bunn in New York at Ebunn1bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net


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Companies Mentioned

  • COP
    (ConocoPhillips)
    • $85.38 USD
    • 0.19
    • 0.22%
  • ALL
    (Allstate Corp/The)
    • $57.5 USD
    • -0.44
    • -0.77%
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