An updated edition of the Purchasing Group Users’ Handbook (PGUH) is available. The PGUH is the complete manual for registration of purchasing groups in compliance with the Liability Risk Retention Act and includes all purchasing group registration forms (NAIC and state). The PGUH also features profiles for each state that include the registration requirements for each state; premium tax requirements; ...

South Carolina-domiciled Indigo Risk Retention Group, Inc. (Indigo RRG) has been assigned a Preliminary Credit Assessment of A- pca (Excellent) and Long-Term Issuer Credit assessment of “a-” (Excellent). The outlook for the PCA is stable. AM Best does not define a PCA as Credit rating, though PCAs use the existing Financial Strength Rating/Issuer Credit Rating scale. “The PCA reflects Indigo ...

More risk retention groups are carrying ratings from AM Best or Demotech, Inc. as of August 2023 than were carrying ratings in August 2022. The number of risk retention groups carrying an A.M. Best fell to 42 from 43, while the number of risk retention groups carrying a Demotech rating increased from 31 to 34. Two risk retention groups—Attorneys’ Liability ...