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June 2009 News Headlines
Arizona Med Mal RRG Comes to "Rescue" of Kentucky RRG
Faced with loss of reinsurance and the inability to find a cost effective replacement in the traditional market, NetProgen Insurance Co., Inc. A Risk Retention Group…found its "white knight" . . . .For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order

DC RRG Sues New Jersey Broker Alleging Unfair Competition
Indemnity Insurance Corporation of DC, Risk Retention Group (IICDC-RRG)…filed a complaint on April 9, 2009 in the U.S. District Court for the District of New Jersey against a New Jersey insurance broker. . . .For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order

So. Carolina Reg. Makes Captives Subject to NAIC Model Audit Rule
The South Carolina Legislature recently enacted Regulation 69-70, adopting verbatim the Annual Financial Reporting Model Regulation (Model Audit Rule) developed by the National Association of Insurance Commissioners (NAIC), with the exception. . . .For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order

Medicare Reporting Requirement Extended Until Sept. 30, 2009
Risk retention groups that qualify as "Responsible Reporting Entities" (RREs) under Section 111 of the Medicare, Medicaid, and SCHIP Extension Act of 2007 (Section 111) will have an extra three months to come into compliance with the new mandatory Medicare reporting regime. . . .For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order

One of First RRGs to Form Under LRRA Goes Into Voluntary Run-Off
American Feed Industry Insurance Co. Risk Retention Group (AFIIC), an Iowa-domiciled RRG formed less than a year after passage of the 1986 Liability Risk Retention Act (LRRA)…voted to discontinue writing or renewing insurance policies. . . .For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order

» More headlines and article excerpts

 


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Industry Growth and Statistics

Total Number of RRGs: 254 RRGs as of July, 2009
Total Number of PGs: 794 PGs as of July, 2009

 

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