Nonprofits Insurance Alliance
“If you are just trying to do something that you believe will underprice the market, and make a quick profit you are not likely to succeed with a risk retention group.”
“The right reason for setting up a risk retention group is when the commercial insurance industry is not properly providing the right coverage or the stability of coverage and pricing that a certain sector needs,” Pamela E. Davis, president and CEO of the Nonprofits Insurance Alliance, told CQ Roll Call.
Risk retention groups should have clear motives, analysts say at CQ Roll Call (Pay wall).
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.
Nonprofit Insurance & Conscious Leadership with Pamela Davis at NIA
In this interview, Pamela Davis discusses consious leadership on The Nonprofit Lab podcast.