There is a lot of anticipation surrounding the Government Accountability Office’s investigation of some states’ interpretation of the federal Liability Risk Retention Act. For months the GAO has been questioning risk retention group owners and managers, seeking comments on the treatment received from various states.
There is a lot of anticipation surrounding the Government Accountability Office’s investigation of some states’ interpretation of the federal Liability Risk Retention Act. For months the GAO has been questioning risk retention group owners and managers, seeking comments on the treatment received from various states.
The National Risk Retention Association this week requested a federal court order to prevent the Nevada Division of Insurance from enforcing a cease-and-desist order that would prevent a Vermont-chartered risk retention group from operating in the state.
A federal probe into whether state insurance regulators are overstepping their authority when it comes to risk retention groups is being hailed by a national self-insurance group.
Risk retention trade groups are urging prompt House action on legislation introduced last week that will allow their members to sell commercial property insurance.
Lewis & Clark LTC RRG, Inc., of Atlanta, a national provider of liability insurance to long-term care facilities, has merged with Sophia Palmer Nurses RRG, Inc.
The chief executive of a reinsurance brokerage firm has urged a trade group to look into the creation of a capital pool for expanding Risk Retention Groups.
The Liability Risk Retention Act contains a single-state regulatory framework that enables RRGs to become licensed and regulated under the laws of a domiciliary state, preempting most laws and regulations of nondomiciliary states in which they operate.
GSFSGroup announced GSFS Risk Retention Group Inc. has merged into Sentruity Casualty Co., a sister property and casualty insurer. Concurrent with the merger, Sentruity has received an A- rating from A.M. Best. For more information, visit
Legislation introduced in the House last week that would expand the authority of risk retention groups to provide commercial property insurance to members is drawing strong support from risk managers