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Christopher William Diemel
– Managing Editor & Publisher

The Latest

Florida Bill Endangers Commercial Auto Coverage for RRG Members

March 30, 2023

Florida Bill 516 (the Bill) was unanimously approved by the Committee on Banking and Insurance (Committee) of the Florida Senate at hearing held on March 22, 2023. The Bill would require risk retention groups writing commercial auto liability in Florida to carry a Financial Strength Rating of “A” or higher and be of a Financial Size Category (FSC) of VIII ...

Strong Growth Takes RRG Premium Past $4 Billion

May 18, 2022

Risk retention group premium increased by a strong 13.5% in 2021 to $4,352.6 million, an increase of $516.8 million over the $3,835.8 million reported in 2020. It was the strongest year for RRG premium growth in dollar terms since 2003. Premium growth was dispersed across a range of business sectors. The largest growth was at the recently reactivated Healthcare RRG ...

Successful NRRA Conference Shows Increased Interest in RRGs

January 7, 2022

Conference Recap The 2021 National Risk Retention Association (NRRA) Conference was held from November 2 to 4 at the Sofitel Hotel in Chicago, Illinois. Although attendance was down from pre-COVID levels, there were indications that interest in the risk retention group vehicle is increasing. Even with the decline in attendees, NRRA Executive Director Joe Deems was pleased with the conference. ...

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