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Risk Retention Reporter
Article Excerpts - August 2008
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House Passes Amended LRRA Bill Reflecting NAIC/RRG Compromise
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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
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Amended Bill Has GAO Study On Extra-Territorial Regulation of RRGs
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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
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NAIC Does Not Support Expansion of LRRA to Commercial Property
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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
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RRG CEO of the Month: Robert L. Dowdy, AEIX RRG
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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
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Insuring Employee Benefits Through RRGs Explored in PROFILE
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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
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New York Teaching Hospital Forms RRG for Employed & Staff Doctors
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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
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RRG Insuring Vehicle Service Contracts Merges Into Sister Co.
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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
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RRG Insuring Florida Churches May Be Model for Other States
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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
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Risk Retention Industry Newsmakers
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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
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Heritage Warranty RRG Documents Sealed by South Carolina Court
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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
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Letters to the Editor
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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
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RRG Task Force Reaches Resolution on Credit for Reinsurance Issue
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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
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Natl. Risk Retention Assn. & CICA Set Back-to-Back DC Conferences
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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
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Comprehensive PG Registration Resource Available on CD-ROM
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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
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SIIA Schedules Natl. Educational Conference & Expo for Oct.5-8
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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
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Delaware Captive Assn. Sets Annual Conference for Oct 7-8, 2008
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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
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Risk Retention Roundup
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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
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For the Record
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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
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Late Breaking News: Auto Dealers RRG/California Lawsuit Dismissed
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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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