Vt., S.C. Top List For Health Care RRGs
Of 160 total RRGs, more than half provide health care coverages
Risk retention groups for health care insureds engaged in the delivery of health care services including physicians, hospitals, nursing homes and dentists are being formed in a big way, especially in the domiciles of Vermont and South Carolina.
In fact, of the 160 RRGs operational as of June 2004, 86 are providing liability health care coverages.
Also, while 13 states serve as domiciles for these 86 RRGs, two states Vermont and South Carolina regulate the greatest number. (Vermont regulates 38 health care RRGs out of a total of 65, and South Carolina regulates 19 out of a total of 34.)
Other states which serve as domiciles for RRGs in the health care area are the District of Columbia with eight; Hawaii with six; Arizona with four; Nevada with three; Kentucky with two; and Alabama, Florida, Illinois, Indiana, Missouri and Montana, which each have one RRG.
Drilling down into the specific business areas, we find that, of the 86 RRGs in the health care sector:
o 38 provide liability coverages to hospitals and their affiliates.
28 provide liability coverages to physicians.
15 provide liability coverage to nursing homes.
Eight provide coverages to other health care providers.
Looking at the states serving as domiciles for health care RRGs, we find that Vermont serves as the domicile for the greatest number of RRGs insuring hospitals and their affiliates 26 out of a total of 38.
Physician RRGs are domiciled in equal numbers in Vermont and South Carolina, with each regulating eight RRGs. Other states that regulate physician RRGs are the District of Columbia with four, Hawaii with three, Arizona with two, Nevada with two, and Missouri with one.
The state that regulates the greatest number of nursing home RRGs is South Carolina, which has six of its 15 RRGs in this business area. Other states regulating nursing home RRGs are the District of Columbia with three, Vermont with two, Arizona with one, Nevada with one, Montana with one, and Florida with one.
Karen Cutts is managing editor and publisher of the "Risk Retention Reporter," a monthly newsletter based in Pasadena, Calif., that she founded shortly after passage of the 1986 Liability Risk Retention Act.
Of 160 total RRGs, more than half provide health care coverages
Risk retention groups for health care insureds engaged in the delivery of health care services including physicians, hospitals, nursing homes and dentists are being formed in a big way, especially in the domiciles of Vermont and South Carolina.
In fact, of the 160 RRGs operational as of June 2004, 86 are providing liability health care coverages.
Also, while 13 states serve as domiciles for these 86 RRGs, two states Vermont and South Carolina regulate the greatest number. (Vermont regulates 38 health care RRGs out of a total of 65, and South Carolina regulates 19 out of a total of 34.)
Other states which serve as domiciles for RRGs in the health care area are the District of Columbia with eight; Hawaii with six; Arizona with four; Nevada with three; Kentucky with two; and Alabama, Florida, Illinois, Indiana, Missouri and Montana, which each have one RRG.
Drilling down into the specific business areas, we find that, of the 86 RRGs in the health care sector:
o 38 provide liability coverages to hospitals and their affiliates.
28 provide liability coverages to physicians.
15 provide liability coverage to nursing homes.
Eight provide coverages to other health care providers.
Looking at the states serving as domiciles for health care RRGs, we find that Vermont serves as the domicile for the greatest number of RRGs insuring hospitals and their affiliates 26 out of a total of 38.
Physician RRGs are domiciled in equal numbers in Vermont and South Carolina, with each regulating eight RRGs. Other states that regulate physician RRGs are the District of Columbia with four, Hawaii with three, Arizona with two, Nevada with two, and Missouri with one.
The state that regulates the greatest number of nursing home RRGs is South Carolina, which has six of its 15 RRGs in this business area. Other states regulating nursing home RRGs are the District of Columbia with three, Vermont with two, Arizona with one, Nevada with one, Montana with one, and Florida with one.
Karen Cutts is managing editor and publisher of the "Risk Retention Reporter," a monthly newsletter based in Pasadena, Calif., that she founded shortly after passage of the 1986 Liability Risk Retention Act.
Reproduced from National Underwriter Edition, July 16, 2004. Copyright 2004 by The National Underwriter Company in the serial publication. All rights reserved.Copyright in this article as an independent work may be held by the author.
