state regulation of RRGs News

Buyers of commercial liability insurance pay as much as 31 percent more in insurer compliance costs if their insurance company has to comply with regulations from multiple states instead of just a single regulator, according to new research by a …

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 …