Filed Under:Risk Management, Captives

LRRA’s 25th Anniversary: Act Brought Big Changes In Liability Insurance

The Liability Risk Retention Act (LRRA), celebrating its 25th anniversary this year, has brought about many changes in liability insurance since its enactment, including the establishment of risk-retention groups (RRGs) and risk-purchasing groups (RPGs) as effective alternative risk-transfer vehicles.

By the end of 2010, 251 RRGs and 808 RPGs were operating. While both entities operate in all 50 states and D.C., there are only a handful of states that are favored as domiciles for RRGs and RPGs.

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