In the 20-year history of the Liability Risk Retention Act, the use of risk retention groups and purchasing groups--entities created by Congress to provide liability insurance to commercial insurance
Annual gross written premium generated by risk retention groups formed to provide a range of liability coverages for insureds engaged in the health care industry has more than tripled in five
The District of Columbia--domicile of choice for more than a fourth of the RRGs formed in 2005, and third most chosen domicile in 2004--slipped to third place this year, with only four RRGs choosing it
Twenty years ago, President Ronald Reagan signed into law the 1986 amendments to the Liability Risk Retention Act, to provide a "marketplace solution" to disruptions in the availability and
Even in a softening market, the 2005 annual gross written premium for risk retention groups grew to $2,449.1 million, an increase of $252.0 million, or 11.5 percent, compared with 2004 annual premium
This month, the Risk Retention Reporter looks at the captive management firms that assisted in the formation of the 33 risk retention groups formed in 2005, while providing ongoing services to these
o Similarly, the number of RRGs formed in 2005 to insure nursing homes and hospitals is about half the number of formations in 2004 in each of the sectors. Five nursing home RRGs were formed in 2005