From the 2016 July Risk Retention Reporter
New York and Pennsylvania Dominate RRG Med Mal Market
Although the number of RRGs serving the Healthcare sector tumbled during the rash of retirements in 2013 and 2014, Healthcare RRGs still account for 56.4% of all RRG premium. RRGs now write med mal coverage in all states, having just gained the ability to write med mal in Wisconsin last year. However, across the country two states stand out as hotbeds of RRG activity—New York and Pennsylvania....
NRRA to Give its Annual Conference a Futuristic Spin
The National Risk Retention Association (NRRA) is putting a different spin on the annual conference by looking ahead towards the technologies that will be impacting the insurance industry in the future, namely autonomous technology and the larger world of “combined digital technology”....
NAMICO Coverage Now Available to RRGs and Captives
Much like the passage of the Liability Risk Retention Act (LRRA), The National Association of Mutual Insurance Companies (NAMIC) organized NAMIC Insurance Company (NAMICO) in response to the hard insurance market of the mid-1980s. NAMICO was formed to provide NAMIC members with affordable D&O and insurance company professional liability. As of 2016, risk retention groups and group/associational captives can join NAMIC at the associate member category, which provides access to NAMICO coverage....
2015 Brings Newcomers to Top Captive Managers by Premium
Although there were few changes for the top six captive managers by premium, a few new companies made their first appearance in the top ten in 2015. FaegreBD and Chart Services fell out of the top ten and were replaced by MedPro Group and American Contractors Insurance Company RRG....
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