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| August 2010 News Headlines |
GAO Asked to Study Non-Domiciliary Regulation of RRGs
Driven by increasing frustration with non-domiciliary states overstepping regulatory boundaries as regards risk retention groups, the House of Representatives congressional committee overseeing RRGs has requested that the Government Accountability Office (GAO) conduct a study of the state regulation of RRGs
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GAO Study Expected to Take Three to Eighteen Months
Due to the unusually high number of studies that were requested within the financial reform legislation recently passed by Congress, it is unknown exactly how long the RRG study will take the Government Accountability Office (GAO) to complete. Estimates are that the GAO is expected to complete the study within
... For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order
Nevada Rules RRG Can’t Write Auto Liability in the State
In a surprising decision, the state of Nevada has ruled that risk retention groups may not write first dollar automobile liability coverage in the state. Following a hearing on June 21, Brett J. Barratt, Esq., Acting Commissioner for the Nevada Division of Insurance (NDOI), ruled that the Alliance of Nonprofits for Insurance, Risk Retention Group (ANI), must cease and desist writing such coverage in Nevada
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Average Survival Rate of RRGs Above 60%
The Risk Retention Reporter recently completed a study to determine the rate of survival for risk retention groups. Even though there is a continued soft market, RRGs are showing surprising resiliency, with a survival rate of 63% since the first groups were formed after the passage of the Liability Risk Retention Act (LRRA) in 1986
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National Risk Retention Association Sets Fall Conference Agenda
The National Risk Retention Association (NRRA) 2010 National Conference, held October 5-7, 2010 at the Pentagon City Ritz Carlton in Washington, D.C., will be presenting a wide range of education and information
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» More headlines and article excerpts
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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 RRGs:
250 RRGs as of August, 2010
Total Number of PGs:
807 PGs as of August, 2010
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Breaking News (8/1/2010)
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Congress Asks GAO to Study Regulation of RRGs by Non-domiciled States
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On July 22nd, Congressional representatives Dennis Moore, Suzanne Kosmas, and John Campbell requested in a letter to Government Accountability Office (GAO) acting comptroller, Gene Dodaro, that the GAO investigate RRG regulation by non-domiciled states. Citing as one of the reasons to initiate this study, the representatives mention that the GAO’s landmark 2005 study did not include any information about the sometimes inconsistent regulation by non-domiciled states. Read more...
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