Apparently Vermont is becoming one of the most popular locations for "captive" insurance units. Over 560 US companies have established Vermont-based private, unrated insurance companies to serve their employees – nearly as many companies as have established insurance units in the Cayman Islands. Read the entire New York Times article here.
Graphic courtesy of the New York Times:
Vermont Becomes ‘Offshore’ Insurance Haven
By LYNNLEY BROWNING
The New York Times
Published: April 4, 2007