A conservative think tank is giving the state of Vermont high marks for insurance regulation.
The Chicago-based Heartland Institute says that Vermont has the best property and casualty insurance marketplace and the best regulators.
The institute annually rates the states’ insurance departments against two criteria: How free are consumers to choose the property and casualty insurance products they want, and how free are insurers to provide the property and casualty insurance products consumers say they want?
The Institute’s 2011 survey ranks Vermont highest among all states.
Department of Banking Insurance, Securities & Health Care Administration Commissioner Steve Kimbell says he’s not surprised by the ranking, and that it reflects the longstanding professionalism of his department’s insurance division.
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