When it comes to property and casualty insurance, Vermonters have the best insurance market and the best regulators, according to the Heartland Institute. (Read the Report Card)
The Heartland Institute’s mission “is to discover, develop and promote free market solutions to social and economic problems.” 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, released June 26, ranks Vermont highest among all states. Department of Banking Insurance, Securities and Health care Administration Commissioner Steve Kimbell was not surprised by the ranking. “This premier ranking reflects the blend of common sense and professionalism that has long existed in our Insurance Division and which continues under the able leadership of Deputy Commissioner Susan Donegan,” Kimbell said.