Breaking News

The Early Bird registration rates for NRRA's 2010 Conference expire on September 3. 

• NRRA Member RRGs receive the very special registration rate of $299, if you register before September 3.  CLICK HERE TO REGISTER ONLINE
  
• NRRA has negotiated a great rate of $265 (lower than last year) with the conference hotel, the Ritz Carlton Pentagon City.  Make your reservations today.  The rate will go up significantly when our block sells out or on September 12th (which ever comes sooner).  CLICK HERE TO RESERVE YOUR ROOM.
• For more details about the conference check out the orange box on the left hand side of this screen.

NAIC Proposed Accreditation Scope Limitations

The NAIC has released proposed accreditation scope limitations for certain Risk Retention Groups for comment.  NRRA Members are encouraged to submit comments to NRRA's General Counsel, Skip Myers at rhm@mmmlaw.com by September 15.
Document for Reveiw

NAIC Update

The NAIC met in Seattle August 12-16, 2010.  Risk Retention Group issues were considered in three meetings.  Click here for the full report.

NRRA Responds to Nevada on Behalf of The Alliance for Nonprofits for Insurance, Risk Retention Group (ANI-RRG)

The National Risk Retention Association (NRRA) is supporting The Alliance of Nonprofits for Insurance, Risk Retention Group (ANI-RRG) in their response to the state of Nevada’s position that the RRG is not allowed to write commercial auto liability coverage in the state.

NRRA has sent letters to both the Nevada Attorney General and the Acting Commissioner of the Nevada Division of Insurance.  

Click here for copies of the letters.

Government Accountability Office to Conduct Study of RRG Regulation

Washington, DC – July 23, 2010  –Representatives Dennis Moore, Suzanne Kosmas, and John Campbell requested in a letter dated July 22, 2010, that the Government Accountability Office (GAO) conduct a study of the regulation of risk retention groups (RRGs) with a focus on the actions of states other than the state in which the RRG is chartered.  The study will examine the actions of these non-domiciliary states, which may exceed their authority under the Liability Risk Retention Act (LRRA). 

Click here for more information

NAIC Update:  NAIC Capital Adequacy for RRGs Technical Subgroup Conference Call - July 7, 2010

The purpose of the call was to discuss the proposed changes by the NAIC Staff to the draft guidelines and the Applicability of Risk Based Capital to Captive Risk Retention Groups document.

Click here for the Full Report

 

NRRA Conference News

NRRA PRE-CONFERENCE TO FOCUS ON HEALTHCARE RRGs

Washington, DC – The National Risk Retention Association will open its 22^nd annual conference October 5 with an all day session devoted to issues affecting healthcare Risk Retention Groups, Sanford “Sandy” Elsass, Conference Chairman and President/CEO of Uni-Ter Underwriting Management Corporation, announced. Gloria Everett, President/CEO of MedAmerica Mutual Risk Retention Group, is Chair of the Healthcare Pre-Conference.

“Two thirds of the 247 RRGs in business today provide liability insurance to healthcare organizations so the pre-conference program will cover issues important to this sector of the industry,” Elsass said.

NRRA is the national trade association that represents the interests of Risk Retention Groups – insurance companies authorized by the federal Liability Risk Retention Act of 1986 to operate nationally without additional regulation when licensed in a single state. RRGs generated more than $2.5 billion of premiums in 2009.

“The pre-conference will provide healthcare RRG CEOs,  captive managers, and related professional services firms  information essential to successful operations in today’s rapidly changing healthcare environment,” Everett said. The program will feature topics ranging from State reporting requirements and tax issues to how to compete in a soft market.

Click here for the full schedule and registration details.