From the 2017 November Risk Retention Reporter
RRG Premium Growth Projected to Continue in 2017
The results of the 30th annual survey of risk retention groups by the Risk Retention Reporter projects another strong year of premium growth for the risk retention group industry. Modest growth is also expected for the number of policyholders and insureds. Overall premium is expected to increase by 3.5% to $3,202.6M. If the results hold, it will be the eighth consecutive year of premium growth for the RRG industry. ...
Special Feature: Meeting Property Coverage Needs through Deductible Reimbursement Policies
This month’s special feature was contributed by Jon Harkavy, Vice President and General Counsel at Risk Services, LLC, and Bruce Wright, partner at Eversheds—Sutherlands. RRGs have expressed a desire, and in some cases a need, to write property coverage in the past. However, attempts on Capitol Hill to make amendments to the Liability Risk Retention Act have not yet borne fruit. Harkavy and Wright posit another avenue for writing property coverage through an RRG, namely a Deductible Reimbursement Policy. The strategy and reasoning of this approach, along with information on how it squares with the LRRA, are discussed in the article which begins on page three....
Risk Retention Round Up—Another Healthcare RRG Declared Insolvent
This month no new risk retention groups were added to the Risk Retention Reporter listings and three RRGs were deleted, taking the total number of RRGs down to 228. No new purchasing groups were added to the Risk Retention Reporter listings, and no PGs were deleted, leaving the total number of PGs at 995....
Join the RRR discussion group on LinkedInConnect with colleagues and discuss the latest topics.
RRGs & PGs
Preferred Property Program, Inc.