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Risk Retention Reporter
As currently proposed, Florida Bill 516 could leave hundreds, if not thousands, of RRG members in the state without commercial auto liability.
Article Summary
Insurance experts, including NIA CEO Pamela Davis, weigh in on Florida Bill 516, under consideration by the Florida legislature, which would require risk retention groups writing commercial auto liability in Florida to carry a Financial Strength Rating of “A” or higher and be of a Financial Size Category (FSC) of VIII or above — $100+ million in policyholders’ surplus — from AM Best.
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Florida Bill Endangers Commercial Auto Coverage for RRG Members at Risk Retention Reporter.
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