Nonprofits Insurance Alliance
“RRGs know their industries very well so they do not have to take this sledgehammer approach… We don’t want to cut whole lines, we want to better understand risks and find other ways to manage them.”
Regulators should check risk retention groups (RRG) have a long term view of the risks of their members, and the ability to serve them long term, before allowing them to launch, according to Pamela Davis, president and CEO of the Nonprofits Insurance Alliance (NIA).
Tax collectors will continue to eye captives, experts tell AM Best at Captive International
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.