SOURCE: National Risk Retention Association

National Risk Retention Association

October 02, 2014 14:00 ET

Dan Labrie Elected Chairman National Risk Retention Association

CHICAGO, IL--(Marketwired - Oct 2, 2014) - Dan Labrie, President and CEO of HAI Group, which serves public housing authorities across the United States, was elected Chairman of the National Risk Retention Association (NRRA) at its Board of Directors meeting here.

"Dan Labrie is a leader in our industry who has given strong support to NRRA over the years. We are especially pleased that he has agreed to serve as Chairman," said Sanford "Sandy" Elsass, who has been Chairman for the last three years.

HAI Group is composed of 11 diverse companies that provide insurance and other services to the public and affordable housing community. HAI Group offers liability insurance to its Members through the Housing Authority Risk Retention Group, Inc., one of the largest and most successful risk retention groups. The Company was one of the first RRGs organized after enactment of the Liability Risk Retention Act of 1986 (LRRA).

"NRRA is the public voice of risk retention and purchasing groups with a successful record of defending the industry against challenges to the authority of RRGs to operate in some states; I am confident in the future growth of this important sector of the insurance industry," Labrie said.

Some 240 risk retention groups collectively write over $2.5 billion premium.
Under the LRRA, RRGs are authorized to write liability insurance in all 50 states when licensed in a single state.

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