LRRA May Preempt COVID-19 Orders of Non-domiciliary States

On April 13, 2020 California Insurance Commissioner Ricardo Lara issued Bulletin 2020-3 that required all property and casualty and workers compensation insurers to make an initial premium refund for the months of March and April to policy holders adversely impacted by the coronavirus. California is one of many states issuing such bulletins, but the National Risk Retention Association (NRRA) and …

Risk Retention Roundup—Physicians Casualty RRG Declared Insolvent

This month one new risk retention group was added to the Risk Retention Reporter listings, and six RRGs were deleted, taking the total number of RRGs down to 218. No new purchasing groups were added to the Risk Retention Reporter listings, and no PGs were deleted, leaving the total number of PGs at 1,022…

Special Report: RRG Premium up 8.3% in 2019

Risk retention group premium increased by 8.3% to $3574.7 million in 2019, the largest increase in over a decade. Growth this year was distributed across all business sectors, apart from the now defunct Hospitality sector. The breadth and degree of growth suggest that the market was hardening over the course of 2019.This month’s special report is an analysis of 2019 …

LRRA May Preempt COVID-19 Orders of Non-domiciliary States

On April 13, 2020 California Insurance Commissioner Ricardo Lara issued Bulletin 2020-3 that required all property and casualty and workers compensation insurers to make an initial premium refund for the months of March and April to policy holders adversely impacted by the coronavirus. California is one of many states issuing such bulletins, but the National Risk Retention Association (NRRA) and …

Risk Retention Roundup—Physicians Casualty RRG Declared Insolvent

This month one new risk retention group was added to the Risk Retention Reporter listings, and six RRGs were deleted, taking the total number of RRGs down to 218. No new purchasing groups were added to the Risk Retention Reporter listings, and no PGs were deleted, leaving the total number of PGs at 1,022….

Special Report: RRG Premium up 8.3% in 2019

Risk retention group premium increased by 8.3% to $3574.7 million in 2019, the largest increase in over a decade. Growth this year was distributed across all business sectors, apart from the now defunct Hospitality sector. The breadth and degree of growth suggest that the market was hardening over the course of 2019.This month’s special report is an analysis of 2019 …