Understanding Risk Retention Groups (RRG): Key Benefits and History

Discover what risk retention groups (RRGs) are, their key benefits, and historical context. Learn how RRGs provide important ...
Insurance Business America

Vermont lawmakers eye new restrictions on risk retention group investments

Vermont lawmakers are considering legislation that would revise captive insurance regulations for risk retention groups and ...
JD Supra

New York Signs into Law Legislation Allowing Out of State “Risk Retention Groups” to Offer Automobile Insurance Coverage to Not-for-Profit Organizations

On September 15, 2023, New York Governor Kathy Hochul signed into law legislation (S.5959-B/A.5718-B), which allows out-of-state “risk retention groups” registered in New York State to offer ...
Insurancenewsnet.com

ALIRT Sees Continued Proliferation Of New – and Growth Of Existing – Risk Retention Groups As Market Pricing Remains Firm

In a recent client release, ALIRT discusses the financial performance of its Risk Retention Group composite as of 2022 financial filings. In its newly released report, ALIRT provides insight into the ...
Law

Self-Insured Risk Retention Groups: a Hidden Danger

Dennis A. Breen writes: Lurking at the edge of every event needing insurance is a hidden danger most of us have never heard of. That danger: "Risk Retention Groups," which issue policies that look and ...
Lincoln Journal Star

Service contracts a leap for risk groups

In general, when risk retention groups get involved in offering extended service contracts, consumers are less protected by state oversight, and consumers have no access to the state-administered ...

AM Best Assigns Issue Credit Rating to United Educators Insurance, a Reciprocal Risk Retention Group’s New Surplus Notes

AM Best has assigned a Long-Term Issue Credit Rating of "a-" (Excellent) to the $25 million, 7.155% surplus notes, due ...
Business Wire

AM Best Assigns Preliminary Credit Assessment to Indigo Risk Retention Group Inc.

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Preliminary Credit Assessment (PCA) to Indigo Risk Retention Group Inc. (Indigo RRG) (Charleston, SC) with a Financial Strength Assessment of A- ...
JD Supra

Newly Passed North Carolina Law Aims to Bring in More Captive Insurance Companies, Risk-Retention Groups

North Carolina lawmakers recently passed a new bill to make the state more appealing to captive insurance companies and risk-retention groups. Senate Bill 319, which passed with unanimous support and ...
Insurancenewsnet.com

Continuing Care Risk Retention Group Ranked 15th in Captive Review’s RRG Power 50 Poll

SANTA ROSA, Calif., June 8 /PRNewswire/ -- Continuing Care Risk Retention Group (Continuing Care) ranked 15th in this year's RRG Power 50 poll published in the May 2010 issue of Captive Review. The ...
Business Wire

AM Best Assigns Credit Ratings to Star Mutual Risk Retention Group, Inc.

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating of B+ (Good) and a Long-Term Issuer Credit Rating of “bbb-” (Good) to Star Mutual Risk Retention Group, Inc. (Star) ...
Law

Southwind Risk Retention Group, Inc. v. Esquivel

Southwind Risk Retention Group, Inc. Southwind Risk Retention Group filed an insurance coverage lawsuit against Yoby Transport and Jose Esquivel on Oct. 20 in Texas Southern District Court. The suit, ...