A coalition launched to serve as another advocate for risk retention groups has some in the industry wondering if the move might water down the effectiveness of the alternative market lobby at a critical time, while imposing a financial burden on captives and RRGs, given the number of groups already representing the sector.
The new group–the American Risk Retention Coalition, formed by the Self-Insurance Institute of America–will advocate for risk retention groups “that represent an economical and efficient way for professions or trade groups to manage a variety of risk exposures.”
SIIA's chief executive officer, James A. Kinder, told National Underwriter that the mission of the coalition is “to ensure the future of risk retention groups and to expand upon programs available to be underwritten by RRGs on a federal preemptive basis.”
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
