Liability Risk Retention Act News

The Nebraska Supreme Court ruled recently that a district court erred when it found that a federal law did not preempt the state’s prohibition against mandatory arbitration clauses in insurance contract. In Speece v. Allied Professionals Ins. Co., the Court …

The federal law governing risk retention groups should be clarified to reduce the number of disagreements between RRG managers and state regulators and to clarify the coverage RRGs may offer, a Congressional report advises. The Government Accountability Office said varying …