NU Online News Service, Aug. 12, 3:42 p.m. EDT
BURLINGTON, Vt.--Serving his last term as Governor of Vermont, Jim Douglas gave assurances that the state's focus on captive insurers would not waver in his absence.
In his annual welcome to attendees of the Vermont Captive Insurance Association (VCIA) conference held here, Gov. Douglas, elected in 2002, said captives are a "critical part of Vermont's economic and fiscal success."
Lt. Gov. Brian Dubie, a former pilot for American Airlines, said he has partnered with the governor on the captive industry. He also pointed out the depth of the captive infrastructure, noting that 1,500 people in the state support the captive industry and that their average annual salary is $52,000.
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