When Emergency Capital Management (Vermont), LLC Risk Retention Group (Emergency Capital Management RRG) entered a dormant state at the end of 2017, it seemed that another risk retention group serving the Healthcare sector had closed its doors in the protracted soft market. Now Emergency Capital Management RRG—since acquired by Envision Healthcare— is back and on track to become one of …
Trends in RRG Retirements: Were the 2010s Historically Bad?
The risk retention group industry is currently booming with new formations at the highest level since 2007. Much of that growth can be attributed to a hard insurance market that is contributing to new RRG formations across a range of business sectors. But what were the trends in RRG retirements since the LRRA passed? The current boom arrives in the …
2022 CICA Conference Recap: Strong Attendance and Enthusiasm
There was strong attendance at the 2022 CICA International Conference held from March 6 to 8 in Tucson, Arizona. Nearly 500 captive industry professionals attended the conference which had a strong emphasis on networking as the captive industry looks to move past the pandemic. During his opening address, which marked the 50th anniversary of CICA, CICA President Dan Towle addressed …
CPLIC RRG Assigned Demotech Rating
Demotech, Inc. has assigned a Financial Stability Rating of A, Exceptional, to Claim Professionals Liability Insurance Company, RRG (CPLIC RRG). CPLIC RRG formed in Vermont in 2004 to provide general liability and errors & omissions coverage to members of National Association of Independent Insurance Adjusters and other independent claim professional firms. CPLIC RRG also provides employment practices liability and cyber …
UE Member Wins Case at US Supreme Court
The Houston Community College System (HCCS), a member of United Educators Insurance, A Reciprocal Risk Retention Group (UE), has won a case at the United States Supreme Court in a unanimous ruling. The ruling supported the ability of publicly elected boards to verbally censure their members. In 2013, David Wilson was elected to the Board of Trustees of HCCS. HCCS …
EIIA Appoints Zuckerman as Independent Director
Educational & Institutional Insurance Administrators, Inc. (EIIA) has appointed Michael Zuckerman as an independent director. EIIA manages College Risk Retention Group. College RRG provides general liability, auto liability, and sexual misconduct coverage to colleges, universities, seminaries, and preparatory schools with a religious affiliation.Zuckerman is currently an associate professor at the Fox School of Business at Temple University where he teaches …