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Risk Retention Reporter
Article Excerpts - December 2008
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Physician RRGs Account for Fifty Percent of 2008 RRG Formations
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Half of all risk retention groups formed in 2008 were established to provide medical malpractice insurance for physicians. Physician-owned RRGs now comprise nearly 40%. . . .For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order
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Settlement of RRG Lawsuits Testing LRRA Preemptions Creates Void
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In the last five months, two risk retention groups that sued state regulators, charging their actions or refusals to act violated the preemption provisions of the Liability Risk Retention Act (LRRA) . . . .For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order
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Suit Contesting NJ RRG Registration Laws Leaves Unanswered Questions
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Following the refusal by the New Jersey Department of Banking and Insurance (NJDBI) to register Indemnity Insurance Corporation of DC, a Risk Retention Group (IICRRG), a District of Columbia-domiciled RRG, seeking to operate in the state, the RRG filed a lawsuit on September 12, 2008. . . .For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order
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NAIC To Launch New Risk Retention Group Course for Regulators
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The National Association of Insurance Commissioners (NAIC) is preparing to launch a new course specifically for regulators that will address regulation of risk retention groups. . . .For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order
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Arizona Places Long Haul Trucking RRG in Receivership
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An Arizona-domiciled risk retention group providing a range of liability coverages to long haul trucking companies has been placed in receivership following the failure of RRG insureds. . . .For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order
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Letter to Editor: Concern Expressed Over Taking RRG "Flexibility" Too Far
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A Letter to the Editor from Dan Labrie, president and CEO of Housing Authority Risk Retention Group, Inc. (HAARG)…expresses concern over the "flexibility" that he believes some RRGs may be taking too far. . . .For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order
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Cayman Captive Gives Rise to Two Faith-Based Long-Term Care RRGs
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A Cayman captive and the Liability Risk Retention Act (LRRA) have provided the means by which not-for-profit faith-based long-term care facilities faced with unavailability and unaffordabiltiy of commercial liability insurance have found viable alternatives to meet their liability needs. . . .For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order
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Risk Retention Industry Newsmakers
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MICHAEL T. ROGERS has been selected by the board of directors of Risk Services, LLC to succeed G. WAYNE HARRIS, who is retiring, as the chairman and CEO of the firm. . . .For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order
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RRG CEO of the Month: Mitchell Sellett, Architects & Engineers RRG
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In this month's RRG CEO of the Month, Mitchell Sellett, president and CEO of Architects & Engineers Insurance Company, A Risk Retention Group (AEIC), a Delaware-domiciled RRG. . . .For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order
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Risk Retention Reporter Publishes Comprehensive Year-End 2008 Index
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In this issue readers will find a comprehensive 2008 Index to the Risk Retention Reporter. . . .For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order
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Risk Retention Roundup
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This month three new risk retention groups were added to RRR listings and one RRG was deleted bringing the total number of RRGs to 262. Four new purchasing groups were added to RRR listings and no PGs were deleted, bringing the total number of PGs to 778. . . .For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order
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