Risk retention groups reported record premium growth in 2022 with premium increasing by 12.9% to $4,897.9 million, an increase of $558.1 million over the $4339.7 million reported in 2021. This is the largest premium increase in dollar terms for the RRG industry, surpassing the premium growth of $527.0 million in 2003 and $519.3 million in 2021. In contrast to 2003, ...

Arizona-domiciled Curator MD Risk Retention Group (Curator MD RRG) reported negative surplus of $12.5 million on its 2022 annual statement filed on May 15, 2023, leaving the RRG in an insolvent state at the end of last year. Curator MD RRG has seen consistent declines in surplus since it began writing in 2019. Surplus at Curator RRG was $5.7 million ...

The Florida Senate has shelved Florida Senate Bill 516 (the Bill)—a Bill that would have effectively barred most Transportation risk retention groups from writing in Florida. The Bill had passed in the Florida House of Representatives. The National Risk Retention Association (NRRA) has stated that they believe the Bill will be reintroduced in the 2024 Florida legislative session. The Bill ...