SOURCE: Risk Retention Reporter

September 27, 2011 13:00 ET

Legal and Regulatory Reference Guide Published by Risk Retention Reporter and National Risk Retention Association

PASADENA, CA--(Marketwire - Sep 27, 2011) - A compendium of legal cases and regulatory issues affecting Risk Retention Groups (RRG) and Purchasing Groups (PG) since enactment of the federal Liability Risk Retention Act of 1986 has been published by the Risk Retention Reporter in partnership with the National Risk Retention Association (NRRA).

The compendium is a one-stop source of detailed historical information on 26 disputes between RRGs/PGs and state regulatory authorities. It also contains numerous supplemental articles by industry experts that provide insight and context for research on the legal and regulatory environment in which RRGs developed into a major segment of the insurance industry with more than 250 companies that generate some $2.5 billion in annual premium revenue.

The Risk Retention Reporter is the monthly professional journal that has chronicled the growth of the RRG/PG industry for 25 years. Much of the material in the compendium is drawn from the Risk Retention Reporter's archives. NRRA has represented the RRG/PG industry for 25 years and has successfully defended RRGs in the federal courts against the efforts of some states to restrict their authority to operate under the Liability Risk Retention Act.

"The compendium is the only publication of its kind and will be an essential reference document for lawyers, regulators, libraries, universities, industry associations, RRGs/PGs, and others interested in the development of alternative risk transfer mechanisms in the insurance business," said Jim Cutts, Publisher of the Risk Retention Reporter.

"Along with NRRA's ongoing, vigorous government affairs initiatives, this will be a tremendous single source of regulatory information for our members and the industry as a whole," said Joe Deems, Executive Director of NRRA.

The new publication is titled Risk Retention Legal & Regulatory Compendium - A Comprehensive Guide to State Actions Affecting RRGs & PGs. It is available as a CD-Rom with a fully linked and searchable PDF file. It will be updated annually. To learn more and order the Compendium, go to www.rrr.com/publications.

Contact Information

  • Media contact:
    Mechlin Moore
    MDM Communications
    239-777-1595
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