Christopher William Diemel
– Managing Editor & Publisher
The Latest
Transitions and Moving Past COVID: VCIA President Kevin Mead on the 2023 Conference
June 30, 2023The 2023 VCIA Conference will be held from August 7th to 10th in Burlington, Vermont. Vermont is the largest domestic captive domicile with over six hundred domiciled captives. Vermont is also the leading risk retention group domicile with 80 domiciled risk retention groups that reported gross written premium of $2,928.5 million in 2022—60 percent of all risk retention group premium. ...
Florida Bill Endangers Commercial Auto Coverage for RRG Members
March 30, 2023Florida 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, 2022Risk 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 ...