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Vt native returns as deputy insurance commissioner

MONTPELIER, Vt. (AP) -- Vermont's Department of Financial Regulation is getting a new deputy commissioner in the Insurance Division.

St. Johnsbury-native Crosby Sherman is going to start on July 8.

Sherman began his career here at the department the 1980s, working as an insurance examiner of property and casualty, life and captive insurance companies. He also played a key regulatory role during the initial stages of Vermont's captive insurance market.

He is leaving a job as chief of Captive Insurance for the New Jersey Department of Banking and Insurance.

Financial Regulation Commissioner Susan Donegan says Crosby has extensive experience in all aspects of the insurance regulatory process.