It looks like the summer and fall of 2022 will be a busy season for the captive insurance industry. Attendance at earlier conferences such as the 2022 CICA International Conference and 2022 RIMS Conference was strong. VCIA President Kevin Mead noted that two of the hotels for the upcoming VCIA Conference are already sold out—despite registration not opening for a …

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 …

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 …

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 …

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 …

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 …

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 …

During the liability crisis of the 1980s, nonprofits were having trouble obtaining liability coverage. In addition to overall market conditions, a few cases of sexual abuse had pushed insurers even further away from insuring nonprofits. In 1987 Nonprofits Insurance Alliance—which includes Nonprofits Insurance Alliance of California (NIAC) and Alliance of Nonprofits for Insurance, Risk Retention Group (ANI)—Founder, President, and CEO …

Joe McDonald began his position as director of captives at the South Carolina Department of Insurance (the Department) on February 2, 2022. Prior to coming on to lead the captive division in South Carolina, McDonald was the captive and risk product manager at the International Risk Management Institute, Inc. (IRMI). McDonald had previously served as licensing coordinator for the Department …

On February 18, 2022, the Nevada Supreme Court (Supreme Court) denied a petition for writ of mandamus (the writ) filed by Nevada Insurance Commissioner Barbara Richardson. Commissioner Richardson filed the writ on April 1, 2021, in response to a ruling in Eighth Judicial Court of Nevada (District Court) that stayed all proceedings in the liquidation of Nevada-domiciled Spirit Commercial Auto …