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Risk Retention Reporter
Article Excerpts - May 2013
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- For comprehensive monthly coverage of the RRG/PG marketplace,
subscribe to the Risk Retention Reporter.
- If you need a back issue or a past article, please e-mail us at subscriptions@rrr.com and provide the name of the article and the month and year of the issue of the RRR.
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ANI Files for Damages Against Nevada In U.S. District Court
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On Apri 8, 2013 the Ninth District Court of Appeals decided in favor of Alliance of Nonprofits for Insurance Risk Retention Group (ANI) in its long legal battle with the Nevada Division of Insurance. However, the court did not award damages to the RRG. This judgment prompted ANI to file a motion in early May with the U.S. District Court in Nevada to recover damages, according to the RRGs president and CEO.
... For full story, purchase the Risk Retention Reporter. For back issue, contact subscriptions@rrr.com.
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Annual RRG Directory & Guide Published This Month
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The RRR is pleased to announce the release of the 24th annual edition of the Risk Retention Group Directory & Guide. For the first time, the Directory will also include the Market Analysis and Financial Stability Supplement, a separate book that takes an in-depth look at the RRG financial marketplace.
... For full story, purchase the Risk Retention Reporter. For back issue, contact subscriptions@rrr.com.
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Domiciles Ranked by Premium, Vermont Dominates
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Vermont-domiciled RRGs reported $1,575.5M in premium in 2012. More than seven times the amount of any other risk retention group domicile. Vermont’s premium grew by 2.9% over 2011's reported $1,530.8M in premium. This is nearly the same overall percentage by which the whole industry grew in 2012.
... For full story, purchase the Risk Retention Reporter. For back issue, contact subscriptions@rrr.com.
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RRG Assets and Surplus Up in 2012, an Analysis by Domicile
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Risk Retention Group premium was up in 2012, but RRG total admitted assets and policyholder surplus also showed gains. RRGs posted a very slight gain in total admitted assets—up from $7,700.1M in 2011 to $7,804.3M in 2012 -- an increase of just 1.4%. RRG surplus in regards to policyholders posted a more significant gain of 7.9%, going from $3,242.7M in 2011 to $3,499.6M in 2012. Looking at RRG assets and surplus by their domicile, the top ten states are mostly unchanged from 2011.
... For full story, purchase the Risk Retention Reporter. For back issue, contact subscriptions@rrr.com.
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Special Report: A Look at RRG 2012 Premium
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RRG premum in 2012 showed solid growth, growing by 2.9% to $2624.8M. Nearly all of the nine business areas grew last year as well, with only three reporting losses. To take a closer look at this data, this month the Risk Retention Reporter presents a Special Report that makes an in-depth analysis of the industry’s 2012 premium by business area. The report also looks into five-year historical premium data, both by sector and by the industry total. Special Report begins on page 8.
... For full story, purchase the Risk Retention Reporter. For back issue, contact subscriptions@rrr.com.
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Security America RRG Partners with PSA Security Network
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Security America Risk Retention Group Inc. (SARRG), of Greenwood Village, Colorado has partnered with PSA Security Network, the largest electronic security cooperative in the world, to expand its current program.
... For full story, purchase the Risk Retention Reporter. For back issue, contact subscriptions@rrr.com.
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CrossFit RRG Adds Coverage for Kids
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CrossFit RRG, a risk retention group serving the U.S. affiliates of Washington , D.C.-based fitness company CrossFit Inc., recently added an abuse and molestation sublimit for the operation’s CrossFit Kids program to its general liability policies.
... For full story, purchase the Risk Retention Reporter. For back issue, contact subscriptions@rrr.com.
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Risk Retention Group Registrations Growing In Every State
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In the past several years, risk retention group registrations have greatly increased in every state across the U.S. The registration of RRGs in states is one way to measure geographic penetration of RRG operations, which is an indicator of the overall strength of the marketplace. As part of a recent study, the RRR took a closer look at which states RRGs are registering and doing business.
... For full story, purchase the Risk Retention Reporter. For back issue, contact subscriptions@rrr.com.
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Tennessee RRG Insuring Physicians Cell Captives
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In late 2012, Med Mal Risk Retention Group, Inc. was licensed in Tennessee, the first new RRG licensed in the state since 1996. The RRG is writing medical professional liability for physicians groups organized as incorporated protected cells under Physicians RE Captive Insurance Company.
... For full story, purchase the Risk Retention Reporter. For back issue, contact subscriptions@rrr.com.
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Boards’ Best Practices: Gauging RRG Operations
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In this month’s RRG Boards’ Best Practices article, Michael C. O’Malley, managing director with Strategic Risk Solutions, looks into ways to measure the success of a risk retention group. From internal measurements to gauging key ratios to benchmarking, O’Malley examines many different ways to measure the perfomance of a RRG. He also discusses which measures are best for different types of companies.
... For full story, purchase the Risk Retention Reporter. For back issue, contact subscriptions@rrr.com.
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New Captive Association Launches in Oklahoma
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In recent months Oklahoma has received a boost as a captive domicile with newly updated captive legislation and the formation of a state captive association. In March, the Oklahoma legislature passed a revised captive law updating the existing law originally passed in 2004. At the same time, supporters of the state’s captive community joined together to form the Oklahoma Captive Insurance Association (OCIA).
... For full story, purchase the Risk Retention Reporter. For back issue, contact subscriptions@rrr.com.
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Risk Retention Roundup
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This month three new risk retention groups were added to the RRR listings, and no RRGs were deleted, taking the total number of RRGs up to 258. Eight new purchasing groups were added to the RRR listings, and no PGs were deleted, bringing the total number of PGs up to 890.
... For full story, purchase the Risk Retention Reporter. For back issue, contact subscriptions@rrr.com.
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- For comprehensive monthly coverage of the RRG/PG marketplace,
subscribe to the Risk Retention Reporter.
- If you need a back issue or a past article, please e-mail us at subscriptions@rrr.com and provide the name of the article and the month and year of the issue of the RRR.
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