From the 2015 February Risk Retention Reporter
USA Risk Acquired By Spencer Capital Holdings
USA Risk Group, Inc. the largest independent captive manager in the world is to be acquired by Spencer Capital Holdings, a global investment firm. Financial terms of the deal, announced February 2, were not disclosed....
Leading RRG Attorney Rick Cigel Passes Away
Rick A. Cigel, a Los Angeles attorney with Cigel Legal Group who represented risk retention groups in several suits dealing with the issue of state regulation of RRGs, recently passed away at age 58 due to unexpected side effects of medication, according to friends and colleagues....
Nebraska Court Makes Final Ruling in APIC Case
A final decision has been reached in the risk retention group lawsuit that went all the way to the Nebraska Supreme Court and it was another decisive win for Allied Professionals Insurance Company, a Risk Retention Group Inc....
FMCSA Considering Higher Liability Requirement for Motor Carriers
The Federal Motor Carrier Safety Administration (FMCSA) has been tasked by Congress to consider raising the liability insurance requirement for motor carriers. The move is being met with significant opposition, with the Owner–Operator Independent Drivers Association (OOIDA) leading the charge. OOIDA also operates the affiliated OOIDA RRG....
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RRGs & PGs
Lenders Protection Assurance Co., RRG
National Independent Truckers Ins. Co., RRG
Preferred Contractors Ins. Co. RRG, LLC
Preferred Property Program, Inc.