Fraud, Conspiracy Alleged in Spirit Business Court Complaint.
From the 2020 March Risk Retention Reporter
RRGs Notch Another Win in Ninth Circuit
The United States Court of Appeals for the Ninth Circuit (the Court) has ruled in favor of Allied Professionals Risk Retention Group, Inc. (APIC) in a ruling that affirmed the preemptive provisions of the Liability Risk Retention Act (LRRA)...
Nursing Homes Scramble to Mitigate Coronavirus Risk
In early March, Washington State emerged as an epicenter of the US coronavirus outbreak and the Life Care Center of Kirkland (Kirkland) became emblematic of the acute danger the coronavirus represents for nursing homes across the country. The Wall Street Journal reported that as of March 22, 35 deaths have been tied to the Life Care Center. As the virus the continues to spread, nursing homes and long-term care facilities across the country are implementing strict guidelines, including restricting visitation and the admission of new residents, to mitigate the risks associated with the coronavirus...
First Cannabis RRG is Formed in Nevada
A new risk retention group, domiciled in Nevada, is looking to insure companies involved in the sale, manufacture, cultivation, transportation and testing of legal cannabis products including both medical and recreational marijuana. Called CLIC Risk Retention Group, the RRG was formed by CLIC Management LLC of La Jolla, California, a management company set up in 2018 with the goal of launching an RRG in the cannabis sector and operated by managing general agent CLIC Management NV LLC. This new company appears to be the very first RRG formed to serve this growing industry...
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RRGs & PGs
Preferred Property Program, Inc.