From the 2015 July Risk Retention Reporter
Med Mal RRGs Win in Wisconsin
Risk retention groups are again able to write health care liability insurance for medical providers in Wisconsin after the state’s legislature passed the 2015 Wisconsin Act 55, which amends a law that previously prevented RRGs from insuring doctors and other healthcare providers in the state....
CPA Mutual Expands Cyber Liability Program
As of July 1 CPA Mutual Insurance Co. of America RRG has restructured its cyber policy. The new CyberProtect program is a partnership with NAS Insurance Services and will expand coverage and increase the available cyber limit to $1M....
APIC Prevails on Appeal in Louisiana Court Case
In June the Court of Appeals, First Circuit in Louisiana found in favor of Allied Professionals Insurance Company, a Risk Retention Group, Inc. (APIC) in a case regarding the legality the arbitration clause in its policies. ...
RRG Reinsurance Shifts Towards Unaffiliated Insurers
The allocation of risk retention group cessions underwent a significant upheaval in 2014 with unaffiliated insures taking over as the primary providers of reinsurance to RRGs. This shift can largely be attributed to closure of two of the largest RRG-affiliated reinsurers....
Other Industry News
Little captive take up of TRIPRA, finds Marsh
Few organisations have used their captives to access the federal terrorism insurance backstop in the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) of 2015 since its implementation in January, according to Marsh. Read more »
Lloyd’s Stops Insuring Marijuana Firms Due to U.S. Law Conflicts
Lloyd’s of London has stopped insuring marijuana industry firms of any kind due to conflicts between federal and state laws over their legality. Read more »
Lloyd’s capacity falls for first time in 10 years – Aon Benfield
Decline due to discipline in tough conditions, broker says Read more »
6 tips for selling cyber insurance
Cyber insurance presents a growth opportunity for agents and brokers, starting with current clients then branching out to new prospects. Here are 6 tips to help you sell cyber insurance to clients and consider a policy for yourself if you don’t already have one.
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RRGs & PGs
Lenders Protection Assurance Co., RRG
National Independent Truckers Ins. Co., RRG
Preferred Contractors Ins. Co. RRG, LLC
Preferred Property Program, Inc.