Nonprofits Insurance Alliance
The status quo can be difficult to change. Risk Retention Groups are scary only because of lack of understanding. [They] are competitors to the traditional market and should not be overlooked.
Is the concept of a risk retention group (RRG) scarier than the concept of blockchain or bitcoin? It shouldn’t be, because it’s a proven option for many insureds, especially nonprofits.
Done right, risk retention can be a salvation for those industries and organizations that are saddled with hard-to-place risks.
Risk Retention for the Win at The Rough Notes Company
Solutions: Reining In Rising Property Insurance Rates
There are many proposed ways to mitigate the property insurance cost crisis. They all require federal or state government to act.
Paucity of insurance for U.S. nonprofits concerning as regulatory, legal limitations persist
U.S. nonprofits are struggling to obtain affordable risk coverage due to limited options available in the market. Mainstream carriers aren't wanting to underwrite the risk, and legal limitations are hindering other nonprofit insurance groups from entering the market.
Hochul Signs Bill Allowing Out-of-State RRGs to Cover NY Nonprofits
New York Gov. Kathy Hochul recently signed legislation which will allow out-of-state risk retention groups (RRGs) to write auto insurance coverage to NY nonprofits.