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

To contact the editor responsible for this story: Dan Kraut at

Cash Is for Losers

Companies Mentioned

  • COP
    • $73.64 USD
    • 0.43
    • 0.58%
  • ALL
    (Allstate Corp/The)
    • $67.4 USD
    • 0.11
    • 0.16%
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