A year-long legal battle with Nevada regulators has paid off for a risk-retention group (RRG) in the form of a decision that should set a precedent for all RRGs, a trade association says.

The Risk and Insurance Management Society’s approval as an accredited standards development organization by the American National Standards Institute (ANSI) means clarification on issues that impact risk managers, says Lori Seidenberg, director of RIMS Standards & Practices and Audit Committee.

Lloyd’s says it has received approval from the New York Insurance Department to post reduced collateral on reinsurance contracts.

As the price of copper and unemployment rates rise, theft of copper and other metals looms large for insurers and risk managers.

A year-long legal battle with Nevada regulators has paid off for a risk-retention group in the form of a decision that should set a precedent for all RRGs, a trade association says.

A year-long legal battle with Nevada regulators has paid off for a risk-retention group in the form of a decision that should set a precedent for all RRGs, a trade association says.

The Prudential New Jersey Captive Insurance Co. (NJCAP) has been approved as the first captive insurer to be licensed in the state, according to the New Jersey Department of Banking and Insurance.

Two corporate risk managers reported very different results with enterprise risk management progress in their companies during a webinar this week.