Vermont ranks high in study
This article also appeared in the Rutland Herald and the Times Argus
MONTPELIER — For the fourth straight year, Vermont has led the nation in efficient and effective insurance regulation, according to an annual study released Tuesday by the R Street Institute, based in Washington, D.C.
The 2015 Insurance Regulation Report Card examines which states do the best job of regulating the business of insurance, by assigning scores in 10 different areas, including monitoring solvency, policing fraud, protecting consumers and fostering competitive markets.
Vermont received an “A” grade with high scores in the areas of consumer protection, politicization, auto and homeowners insurance environments, rate freedom and clarity and regulatory restrictions.
Vermont was followed closely in the scorecard by Utah, Iowa, Virginia and Kentucky.
Read the full report at www.rstreet.org.