Vermont Licenses Its 700th Captive Insurer
NU Online News Service, Sept. 23, 11:03 a.m. EDT?An energy-oriented company engaged in contract drilling, primarily in the U.S. and South America, has established Vermont's 700th captive insurance company, the Vermont Department of Banking, Insurance, Securities and Health Care Administration said.[@@]
Hans Helmerich, president, Helmerich & Payne Inc. and White Eagle Assurance Company, said in a statement that the key factor in the company's selection of a captive domicile was Vermont's dedication to the success of its captive industry.
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