From the 2019 September Risk Retention Reporter

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Continuing Care RRG Wins Arbitration Case in Arizona

Continuing Care Risk Retention, Inc. (CCRRG) has prevailed in a case heard in the United States District Court of Arizona. The Plaintiffs—collectively Jacob Benson, his parents, and his son—sought a writ of garnishment against CCRRG after obtaining a $1.5 million judgement against Casa De Capri Enterprises LLC (Casa De Capri), a skilled nursing home facility and former insured of CCRRG...

Motion to Place Spirit Commercial RRG into Liquidation Filed

A motion to place Spirit Commercial Auto Risk Retention Group Inc. (Spirit or the Company) into liquidation was filed in the District Court of Clark County Nevada on September 16, 2019. A second motion to set a claims filing deadline was bundled with the insolvency motion. A hearing on both motions is currently set to be held on October 24, 2019...

Special Report: RRR Survey of Risk Retention Group Regulation

The NAIC Risk Retention Group (E) Task Force will be holding a call on October 7 to discuss proposed changes to the RRG Registration Form, FAQ, and best practices documents. For more information on the proposed changes see the August 2019 issue of the Risk Retention Reporter. Most of the concerns expressed by the National Risk Retention Association and risk retention group regulators pertain to the delays many risk retention groups have experienced during the registration process with non-domiciliary states...

More RRGs Carry Ratings in 2019, Quality of Ratings Improves

As of September 2019, 64 risk retention groups carry a rating from either A.M. Best or Demotech, Inc., an increase from the 63 RRGs carrying ratings from those entities in 2018. The number RRGs carrying a rating from Fitch held steady at two ...

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RRGs & PGs

As of June 2019
220 RRGs
1014 PGs