From the 2016 November Risk Retention Reporter
RRG Premium Growth Projected to Stall Out in 2016
The results of the 29th annual survey of risk retention groups by the Risk Retention Reporter project a rather flat year for the risk retention group industry, with minimal changes to premium and to the number of policyholders and insureds. Overall premium is expected to fall by 0.4% to $3,014.8M after surpassing the $3 billion mark for the first time last year....
UC Health RRG Just a Piece of the Captive Puzzle for the UC System
The University of California recently formed UC Health RRG, A Reciprocal Risk Retention Group which will sell medical professional liability insurance to select physicians and physician groups in California. The formation of UC Health RRG is the latest in a series of rapid expansions for the captive program at the University of California....
Missouri Supreme Court Will Not Hear UE Reinsurance Case
United Educators, A Reciprocal Risk Retention Group has been denied the opportunity to come before the Missouri Supreme Court in an ongoing case in Missouri where UE acted as the reinsurer. The decision they were appealing held that the contract they had with the primary insurer was not a reinsurance contract and therefore UE was subject to the state law that forbade arbitration clauses that had been previously upheld in a decision concerning an RRG....
CrossFit RRG Wins Key Rhabdo Case in Texas
CrossFit Risk Retention Group, Inc. a Montana-domiciled RRG that was formed in 2009 to serve the needs of the affiliates of exercise company CrossFit, Inc., was handed a major victory this year in the company’s ongoing fight against claims related to a disorder called exertional rhabdomyolysis....
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