Reinsurance for Risk Retention Groups 2015 available in October. Learn more...
From the 2016 January Risk Retention Reporter
RRG Industry Has a Wide Range of Opinions on the Property Bill
The recent decision by the National Risk Retention Association to oppose a bill that would allow some RRGs to provide property insurance to their members has sparked a slew of reactions from people in the industry – ranging from total support of the association’s position to absolute disagreement, with others taking a more nuanced view....
Industry Leader and Former NRRA Chair, Wendy Fisher, Passes Away
Wendy Fisher, Former Chair at the National Risk Retention Association passed away on January 16, 2016....
Former IICRRG Executive Cohen Sentenced to 37 Years in Prison
Former risk retention group executive Jeffery B. Cohen was sentenced to 37 years in federal prison and required to pay $137 million in restitution in early December after he pled guilty to charges of fraud, identity theft, obstruction of justice, and making false statements to Delaware insurance regulators....
FHFA Excludes Captives from FHL Banks, but RRGs Can Stay
On January 12, 2016 the Federal Housing Finance Agency (FHFA) issued a final rule establishing new requirements for membership in the Federal Home Loan Banks (FHL Banks). As a result of this final ruling, captive insurance companies are now excluded from membership in the FHL Banks. However, the ruling allows RRGs to retain their membership....
Join the RRR discussion group on LinkedInConnect with colleagues and discuss the latest topics.
RRGs & PGs
Lenders Protection Assurance Co., RRG
National Independent Truckers Ins. Co., RRG
Preferred Contractors Ins. Co. RRG, LLC
Preferred Property Program, Inc.