From the 2017 March Risk Retention Reporter

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NRRA Supports RRG’s Ongoing Lawsuit in Wisconsin

The National Risk Retention Association has submitted an amicus curiae brief in support of Restoration Risk Retention Group, Inc. (Restoration) in its ongoing appeal of a lawsuit involving the Wisconsin Department of Safety and Professional Services. In particular, the brief takes issue with the district court’s use of Ophthalmic Mutual Ins. Co. v. Musser, a 1998 case, to decide against the RRG in a dispute over the interpretation of state law....

Dan Towle Announced as Next CICA President

The Captive Insurance Companies Association announced that Dan Towle will be stepping in as its new president effective April 24th. Towle will be replacing Dennis Harwick, who has held the position since January 2005. Harwick will stay on until the end of June to assist Towle in the new position and to assure a smooth transition....

Mental Health Risk Retention Group Celebrates 30 Years

For the Mental Health Risk Retention Group (MHRRG), a Vermont-domiciled RRG that insures nonprofit behavioral healthcare organizations, the mission is clear, according to President Nicholas Bozzo—providing a stable source of comprehensive liability insurance for members and improving the quality of care they provide through the development of loss prevention programs. And it’s something they’ve been doing for thirty years....

Musser Ruling Affected RRG Prevalence in Wisconsin

A report put together by the Risk Retention Reporter found that Wisconsin had the lowest per resident volume of risk retention group premium in the country in 2015 and the lowest number of registered RRGs outside of Alaska, the most recent data available at the time of the report. The 1998 ruling in Ophthalmic Mutual Insurance Company v. Musser—which effectively barred Healthcare RRGs from doing business in Wisconsin and has played a prominent role in the ongoing legal case involving Restoration Risk Retention Group in the state—likely lowered the prevalence of RRGs in the state of Wisconsin....

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RRGs & PGs

As of March 2017
236 RRGs
988 PGs