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  Risk Retention Reporter
Article Excerpts - August 2008


 
   
 
 
  House Passes Amended LRRA Bill Reflecting NAIC/RRG Compromise  
    Amendments to H.R. 5792, a bill to expand the Liability Risk Retention Act (LRRA) to allow risk retention groups and purchasing groups to offer commercial property insurance. . . .For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order

 
  Amended Bill Has GAO Study On Extra-Territorial Regulation of RRGs  
    The amended version of H.R. 5792 (see previous story) includes a new Section 10--Study and Report on State Extra-Territorial Regulation of Risk Retention Groups. . . .For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order

 
  NAIC Does Not Support Expansion of LRRA to Commercial Property  
    In a letter to Paul Kanjorski, chairman of the U.S. House Financial Services Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises, the National Association of Insurance Commissioners (NAIC) expressed its views. . . .For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order

 
  RRG CEO of the Month: Robert L. Dowdy, AEIX RRG  
    In this month's RRG CEO of the Month, Robert L. Dowdy, president of American Excess Insurance Exchange, Risk Retention Group, a Vermont-domiciled RRG that insures not-for-profit healthcare systems that own healthcare facilities. . . .For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order

 
  Insuring Employee Benefits Through RRGs Explored in PROFILE  
    In this month's PROFILE, Karin Landry, managing partner of Boston, Massachusetts-based Spring Consulting Group, LLC explores the use of risk retention groups to insure employee benefits. . . .For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order

 
  New York Teaching Hospital Forms RRG for Employed & Staff Doctors  
    A new Vermont-domiciled risk retention group--Winthrop Physicians Reciprocal RRG--licensed on May 12, 2008, will provide medical malpractice for employed and voluntary staff physicians affiliated with Winthrop-University Hospital. . . .For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order

 
  RRG Insuring Vehicle Service Contracts Merges Into Sister Co.  
    GSFS Risk Retention Group, Inc., a South Carolina-domiciled RRG licensed in 2002 formed to insure extended automobile vehicle service contracts, has merged. . . .For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order

 
  RRG Insuring Florida Churches May Be Model for Other States  
    A new Nevada-domiciled risk retention group--Church of God of Florida, RRG--licensed on June 27, 2008, that provides general liability, employment practices liability, sexual and physical abuse liability, and auto liability for 450 Church of God churches in Florida. . . .For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order

 
  Risk Retention Industry Newsmakers  
    CLAYTON INGRAM, manager of business development for the South Carolina Department of Insurance left the Department on August 1, 2008. Ingram accepted a position with the South Carolina State Housing Finance and Development Authority. . . .For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order

 
  Heritage Warranty RRG Documents Sealed by South Carolina Court  
    Court documents filed by Scott H. Richardson, director of the South Carolina Department of Insurance (SCDOI) in a case naming Heritage Warranty Risk Retention Group, Inc., as a defendant have been sealed. . . .For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order

 
  Letters to the Editor  
    Re: Why California is Mistaken About Liquor Liability Coverage (July 2008 RRR) Dear Editor: The July, 2008 issue of RRR is a good one. I was particularly intrigued by California's strange stance regarding risk retention groups providing liquor liability coverage. . . .For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order

 
  RRG Task Force Reaches Resolution on Credit for Reinsurance Issue  
    After months of debate at National Association of Insurance Commissioners (NAIC) meetings and via conference calls, the Risk Retention (E) Task Force, formed in 2005 to determine whether Part A accreditation standards. . . .For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order

 
  Natl. Risk Retention Assn. & CICA Set Back-to-Back DC Conferences  
    The National Risk Retention Association (NRRA) will hold its 21st annual conference in Washington D.C. from September 22-24, 2008 at the Renaissance M Street Hotel. . . .For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order

 
  Comprehensive PG Registration Resource Available on CD-ROM  
    The Purchasing Group Users' Handbook, a comprehensive resource for registering purchasing groups (PGs) with state insurance departments as required by the Liability Risk Retention Act (LRRA) and state laws is now available on CD-ROM. . . .For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order

 
  SIIA Schedules Natl. Educational Conference & Expo for Oct.5-8  
    The Self Insurance Institute of America's (SIIA) 28th annual National Educational Conference & Expo will be held from October 5-8, 2008 at the JW Marriott Desert Ridge Resort & Spa in Phoenix, Arizona. . . .For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order

 
  Delaware Captive Assn. Sets Annual Conference for Oct 7-8, 2008  
    The Delaware Captive Insurance Association (DCIA) will hold its 3rd Annual Conference--Risk Finance at the Crossroads--at the Hotel du Pont in Wilmington, Delaware from October 7-8, 2008. . . .For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order

 
  Risk Retention Roundup  
    This month three new risk retention groups were added to RRR listings. . . .For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order

 
  For the Record  
    A listing in the May 2008 RRR’s “Risk Retention Monthly Update” section incorrectly states the reason for the deletion. . . .For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order

 
  Late Breaking News: Auto Dealers RRG/California Lawsuit Dismissed  
    As the RRR went to press, it learned that Auto Dealers Risk Retention Group (AD-RRG), a Montana-domiciled RRG licensed to provide stop-loss contractual liability for California auto dealers and (see RRR, Jan.'08) California's insurance commissioner, Steve Poizner, have stipulated to the dismissal of their complaint . . . .For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order

 
   

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