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| May 2012 News Headlines |
Large RRGs See Healthy Premium Growth in 2011
RRG premium in 2011 was $2527.7M a drop of $8.8M from the restated 2010 premium of $2536.5M. RRG financial information has been compiled from reports made to the National Association of Insurance Commissioners and supplemented by reports received from the RRGs themselves as published in detail in the Risk Retention Group Directory & Guide, 2012.
... For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order
NRRA Challenges Statements in GAO Report
The National Risk Retention Association (NRRA) is challenging a recently issued report by the Government Accountability Office (GAO) on the grounds that the document contains errors. Joseph Deems, the executive director of the NRRA, wrote a letter to Alicia Puente Cackely, the director of the Financial Markets and Investment Division for the GAO, highlighting NRRA’s concerns and asking the GAO to fix what the group sees as mistakes in the report.
... For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order
Royce Objects to NAIC’s Changing Role in Letter
In a February 28, 2012 letter to Kevin M. McCarty. National Association of Insurance Commissioners (NAIC) president and Florida insurance commissioner, Congressman Edward R. Royce (R-CA) expressed his concern over the NAIC’s recent initiative to brand itself as a standard-setting organization rather than as a trade association.
... For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order
Traditional MedMal Insurers Moving to Form RRGs
Five new risk retention groups have been formed in recent years by traditional medical malpractice insurers seeking flexibility and agility in the face of fast-paced changes in the healthcare marketplace. Most of these new RRGs are regional enterprises intended to operate in limited territory to help their parent organizations expand into new markets, either to grow their own businesses or to serve the needs of their current customers.
... For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order
TPA vs. In-House Management in This Month’s FORUM
In the FORUM feature section, Sandy Elsass with Uni-Ter Underwriting Management Corp. and Jeffry Sousa with California Healthcare Insurance Co., Inc.—A RRG take sides on the question of whether Third-Party Adminstration or In-House Management is the best way to run a RRG. Elsass supports TPA management for risk retention groups, while Sousa throws his support in for In-House management.
... For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order
» More headlines and article excerpts
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| 25 Years of the Risk Retention Reporter |
Both the risk retention marketplace and the Risk Retention Reporter have come a long way since the LRRA was signed into law in 1986. To see just how far the RRR has come, read the inaugural issue of the RRR, as well as the fifth and tenth anniversary issues.
RRR issue, April 1987 (pdf)
RRR issue, April 1992 (pdf)
RRR issue, April 1997 (pdf)
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| Directory of RRGs and PGs |
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| Service Provider Directory |
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| Industry Growth and Statistics |
Total Number of RRG's:
248 RRGs as of May, 2012
Total Number of PG's:
859 PGs as of May, 2012
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Breaking News
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RRR Celebrates 25 Years
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The Risk Retention Reporter celebrates its 25th anniversary in April. Launched just six months
after the Liability Risk Retention Act was signed into law, the RRR has been the leading journal
for the risk retention marketplace ever since.
Read more...
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Risk Retention Legal & Regulatory Compendium
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