RRGs: The Last Best Hope For State Regs?
Risk retention groups have been one of the most interesting experiments in insurance regulation in the past half-century. Designed to permit commercial and nonprofit entities to self-insure when capacity in the conventional market is limited, RRGs have recently flourished during the hard market of the past few years.
Yet how ironic it is that the National Association Insurance Commissioners has chosen this time to undertake yet another attack against this unique form of alternative risk transfer.
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