As your trusted friend in insurance, we keep you in the know, especially on topics that may impact your coverage. We have covered various updates for RRGs who have faced liquidation and other financial woes. Let’s discuss Lancet RRG, the Doctor owned Nevada RRG facing recapitalization. Lancet Recapitalization December 2017, Nevada Department of Insurance (DOI) proposed …
One point of interest for RRGs, as covered in our 10 Reasons to Reconsider RRGs blog, are the hidden fees. This time, not so much talking about membership fees associated with RRG and mutual trusts. Now we’re focusing on the costs associated with risk pooling. When considering insurance companies, let’s distinguish the difference in …
As we’ve previously discussed, there is a very real distinction between Risk Retention Groups (RRG) vs. Traditional Insurance Companies. When considering coverage anywhere, it is emphatic that you consider more than just the cost of premium. Surely the immediate costs are important but there are other things like coverage considerations (more on coverage differences on …
A Risk Retention Group (RRG) is an owner-controlled insurance association authorized by the Federal Government that, in essence, writes their own liability insurance. They are typically established during periods of time where malpractice insurance company premiums tend to be consistently high across the board. They are an alternative to medical malpractice insurance, but are bound …
