Besieged by pleas from business people and municipalities across the United States who were unable to obtain or afford liability insurance during the mid-1980’s, Congress responded by enacting amendments to the 1981 Product Liability Risk Retention Act. The new legislation, known as the Federal Liability Risk Retention Act of 1986 (LRRA), created two vehicles by which insurance buyers could more ...

The Supreme Court of the United States (Supreme Court) has refused to review the Allied Professionals Ins. Co. RRG v. Anglesey (Anglesey) decision filed on March 12, 2020 in the United States Court of Appeals for the Ninth Circuit (Ninth Circuit). The Anglesey decision affirmed the preemptive qualities of the Liability Risk Retention Act (LRRA), specifically that the LRRA preempted ...

The Vermont Department of Economic Development announced that Brittany Nevins had been hired as the Captive Insurance Economic Development Director for the State of Vermont in September 2020. In her position, Nevins will direct the marketing and business development efforts of the Vermont captive insurance industry. Nevins replaces Ian Davis, who left his position earlier this year. Vermont is the ...