Lancet Indemnity RRG

Nevada RRG faces Recapitalization

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 …

Nevada RRG faces Recapitalization Read More »

What to do if your RRG Faces Liquidation

What to do if your RRG Faces Liquidation!

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 …

What to do if your RRG Faces Liquidation! Read More »

RRG’s & Insurance Carriers

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 …

RRG’s & Insurance Carriers Read More »