The National Risk Retention Association (NRRA) said it will push next year for federal legislation to allow for dispute resolution for risk retention groups facing state regulatory obstacles.
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.
House legislation to repeal the antitrust exemption afforded health insurers will not apply to medical malpractice insurers, according to the latest draft of the bill.
House legislation to repeal the antitrust exemption afforded health insurers will not apply to medical malpractice insurers, according to the latest draft of the bill.
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.
Excess and surplus lines insurers are dealing with the challenges of today's market conditions in a variety of ways--with strategies including global expansion, internal reorganization and product