This article is the first in a series that will examine the history of risk retention groups to mark the 40th anniversary of the Liability Risk Retention Act of 1986 (LRRA). This feature looks back at the history of RRG activity in domiciles across the country. Early Activity The Risk Retention Reporter first reported on the number of operational risk …
AI and Loss Portfolio Transfers: An Interview with Tailshift
The footprint of artificial intelligence in the insurance industry has grown over the course of the past five years. For this issue the Risk Retention Reporter spoke with Anirudha Balasubramanian, founder and CEO of Tailshift, to discuss how artificial intelligence can be used in an underwriting capacity, with a focus on legacy risks and loss portfolio transfers. We also discussed …
Risk Retention Groups and Purchasing Groups: A Guide
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 …