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A year-long legal battle with Nevada regulators has paid off for a risk-retention group in the form of a decision that should set a precedent for all RRGs, a trade association says.

A year-long legal battle with Nevada regulators has paid off for a risk-retention group in the form of a decision that should set a precedent for all RRGs, a trade association says.

An amendment to the federal Liability Risk Retention Act that would allow inclusion of commercial-property coverage in risk-retention groups has been introduced in the House of Representatives and awaits further action, according to the office of Rep. Peter Welch, D-Vt.

Tennessee Gov. Bill Haslam has signed legislation that will allow the formation of captive-insurance companies in the state.

Tennessee Gov. Bill Haslam has signed legislation that will allow the formation of captive-insurance companies in the state.

The Liability Risk Retention Act (LRRA) will be celebrating its 25th anniversary in October of this year, marking many changes in liability insurance during that time. Changes include establishment of the two entities enabled by the LRRA—risk retention groups (RRGs) and risk purchasing groups (RPGs)—as effective alternative risk transfer vehicles.

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.