Editing Vermont (section)

===Insurance===

[[Captive insurance]] plays an increasingly large role in Vermont's economy. With this form of alternative insurance, large corporations or industry associations form standalone insurance companies to insure their own risks, thereby substantially reducing their insurance premiums and gaining a significant measure of control over types of risks to be covered. There are also significant tax advantages to be gained from the formation and operation of captive insurance companies. According to the Insurance Information Institute, Vermont in 2009 was the world's third-largest domicile for captive insurance companies, following [[Bermuda]] and the [[Cayman Islands]].<ref>{{cite web|title=Insurance Information Institute|website=Captives & Other Risk-Financing Options|url=http://www.iii.org/media/hottopics/insurance/test3/?table_sort_745148=2|access-date=January 7, 2007|archive-date=October 8, 2006|archive-url=https://web.archive.org/web/20061008061328/http://www.iii.org/media/hottopics/insurance/test3/?table_sort_745148=2|url-status=dead}}</ref>

In 2009, there were 560 such companies.<ref>{{cite news|first=Matt|last=Sutkoski|title=State unconcerned about insurance report|newspaper=Burlington Free Press|location=Burlington, Vermont|pages= 9B|date=August 1, 2009}}</ref>

In 2010, the state had 900 such companies.<ref>{{cite news|first=Terri |last=Hallenbeck |title=Captive industry descends on Vt. |newspaper=Burlington Free Press |location=Burlington, Vermont|pages= 1B |date=August 11, 2010}}</ref>