March 13, 2017 RESTORATION RRG SUES WISCONSIN OVER RRG DISCRIMINATION, NRRA FILES AMICUS BRIEF TO JOIN THE FIGHT

ENCINO, Calif. – On March 6, 2017, NRRA filed yet another Amicus Curiae Brief in support of Restoration RRG in its Appeal before the 7th Circuit Court of Appeals in Chicago. In the case of Restoration Risk Retention Group vs. Ross & the Wisconsin Department of Safety and Professional Services (DSPS), Restoration is challenging a prior action by the DSPS for its discrimination against RRGs.

Restoration is the RRG insurer of ServPro franchisees. ServePro provides building remediation services for property losses and has been registered (authorized) to conduct business in Wisconsin since 2006. A 2015 decision by the Trade Credentialing Unit (TCU) of DSPS, however, denied a contractor’s license to a ServPro franchisee, based upon Wis.Stat.§101.654(2)(a). The denial can be interpreted as potentially prohibiting all non-Wisconsin charted RRGs from insuring dwelling contractors and with implications beyond contractors. §101.654(2)(a) had been on the books in Wisconsin for almost 20 years with no prior enforcement activity.

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February 21, 2017
NEW YORK AMENDS ITS CYBER SECURITY REGULATION (23 NYCRR 500) EXEMPTING FOREIGN RISK RETENTION GROUPS

The National Risk Retention Association (NRRA) announced that on February 16, 2017 the state of New York released a second set of revisions to 23 NYCRR 500, this time finally exempting non-domiciliary, or foreign, risk retention groups from compliance. On November 11, 2016, NRRA escalated its opposition to the regulation with a firm letter to the NY Department of Financial services, stating that, while recognizing the regulation did exempt smaller companies, the onerous requirements of the regulation were nevertheless completely preempted by the Liability Risk Retention Act, 15 U.S.C. 3901(a) (LRRA), which NRRA argued would exempt all RRGs from compliance.

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December 6, 2016 NRRA 2017 NATIONAL CONFERENCE SAVE THE DATE 9/26-9/28

NRRA is excited to announce that our 2017 annual conference will be held September 26 to 28, 2017, at the Sofitel Chicago Magnificent Mile Hotel in downtown Chicago.

We are anticipating another innovative, interactive event, complete with three days of great networking and unique fast-paced educational sessions. We are also coordinating an impressive slate of speakers, with the most current information about the regulatory, judicial and legislative issues facing risk retention groups and purchasing groups today.

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November 18, 2016 NRRA NATIONAL CONFERENCE SPONSOR

Thanks to our sponsors, the National Risk Retention Association 2016 annual conference was our most successful event ever.

NRRA sponsorships position your company as a leader at a time and place when key decision-makers are eager to learn, and ready to help their firm or clients grow. So when you think about investing in face-to-face interaction at an NRRA Conference, consider the impact that a sponsorship will make on key customers and prospects.

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October 27, 2016

LRRA Preemption Upheld in ALPS Case

Petition for rehearing en banc In the 9th Circuit

In yet another highly important appellate decision supporting the industry, and in which the National Risk Retention Association appeared as amicus curiae (friend of the court) the 9th Circuit has upheld the Federal Liability Risk Retention Act’s preemption status. Before the decision becomes final, however, the court will have to address a petition for "rehearing en banc" by the entire 9th Circuit panel.

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October 10, 2016 NRRA 2016 CONFERENCE WRAP-UP: AUTONOMOUS RRG A HIT! 2017 CONFERENCE SET FOR SEPTEMBER 26-28, 2017 IN CHICAGO

Going long" into the future with Autonomous RRG - A Virtual Company, the 2016 NRRA conference once again proved it could innovate and inspire imagination, as the attendees were challenged to explore our exploding world of combined digital technologies and learn about whether the attractively unique and successful features of risk retention groups (RRGs) could make them a major player in managing the risks associated with new technologies.

The interactive event concluded on September 29th following three days of great networking, unique fast-paced educational sessions, and an impressive slate of speakers, with the most current information about the regulatory, judicial and legislative issues facing risk retention groups and purchasing groups today.

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Early Registration and Hotel Rate Date Extended - Hurry and Register for The NRRA National Conference 2016

Good news from the Windy City: There is still time to make hotel reservations and register for the NRRA National Conference 2016.

The Sofitel Chicago Water Tower Hotel has agreed to extend its deadline for hotel reservations through Friday, September 9, 2016 and NRRA has also decided to extend its "Early Bird" registration rates through the same date, Friday, September 9th. Remember, even if you are unable to secure a room at the Sofitel, you can still register for the 2016 NRRA National Conference at the early registration rate.

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You can’t afford to sit this one out!

Time is running out to register for the NRRA 2016 National Conference on September 27-29 at the Sofitel Chicago Water Tower Hotel!

Avoid a late fee by registering before September 7, 2016 for both the conference and hotel. Come early and be sure to stay to the end.

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Imagine The Risks RRGs Might Face in the Future??

Join us at the NRRA 2016 National Conference on September 27-29 at the Chicago Water Tower Hotel

The NRRA 2016 Conference is a 3-day, fast-paced educational conference, packed with an impressive slate of speakers, and the latest information about the regulatory, judicial and legislative issues facing RRGs.

This year, hear from highly qualified thought leaders who will discuss the wide-scale impact of autonomous technology and explore the risks and challenges of insuring the exploding world of combined technologies.

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NRRA Creates Virtual Company, Autonomous RRG: Hypothetical Case Study Expected to Stimulate Conversation by Panelists and Thought Leaders at 2016 National Conference in Chicago

ENCINO, Calif. – April 26, 2016. The Executive Office at the National Risk Retention Association announced today that information will be released soon on Autonomous, RRG, a virtual company designed to promote dialogue at the 2016 NRRA National Conference.

Conference attendees will work together to build Autonomous, RRG by leveraging features, strategies, and programs used by companies outperforming the traditional industry. State-of–the-art risk management and other creative strategies that maximize the protections afforded by the Liability Risk Retention Act (LRRA) also will be explored.

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NRRA Files Amicus Curiae Brief in the Louisiana Supreme Court Prompted by “Split of Authority “ Between Courville (Allied Professionals) and Ziegler (CPA Mutual)

ENCINO, Calif. – On April 22, 2016, the National Risk Retention Association (NRRA) filed its newest amicus curiae brief in the Louisiana Supreme Court in support of CPA Mutual Insurance Company of America Risk Retention Group (CPA) in the ongoing case of Ziegler & Inspeq. Services v. Housing Authority of New Orleans. CPA filed on that same day its writ of certiorari before the Louisiana Supreme Court.

CPA was added before the trial court as a named defendant in its capacity as the liability insurance carrier for one of its insured members, under that state’s “direct action” statute. CPA was dismissed by the trial court on the same grounds as cited in Courville v Allied Professionals Ins. Co. RRG. Plaintiff appealed and the Fourth Circuit Court of Appeals reversed using an unusual procedural basis, placing Ziegler at odds with Courville, decided last year by the First Circuit court of appeals in Louisiana.

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January 20, 2016 NRRA REPORTS THE PASSING OF FORMER BOARD CHAIR, WENDY S. FISHER

The National Risk Retention Association (NRRA) today announced the unexpected death of former NRRA Board Chair, Wendy S. Fisher on January 16, 2016.

“It is with great sadness that we say goodbye to a dear friend and colleague, Wendy Fisher,” said Joe Deems, NRRA Executive Director. “For nearly 25 years, Wendy skillfully brought her leadership, insights, calm demeanor and friendship to our industry. We have all lost a well-respected leader and the insurance community has also truly lost one of its finest contributors. On behalf of everyone at NRRA, we extend our deepest sympathy to Wendy’s family.”

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January 11, 2016 National Risk Retention Association Opposes Nonprofit Property Protection Act (HR 3794)

Association States its Concerns about Legislation that Provides a Small Number of RRGs the Opportunity to Write Property Coverage for Members While Containing Language that Might Prejudice Other Groups

LOS ANGELES, January 11, 2016 – The National Risk Retention Association (NRRA) announced today that the Association would oppose the Nonprofit Property Protection Act (HR 3794). The bill primarily seeks to amend the Liability Risk Retention Act of 1986 to expand the types of commercial insurance authorized for a very small number of risk retention groups serving certain nonprofit organizations.

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November 25, 2015 LOUISIANA SUPREME COURT DENIES WRIT IN COURVILLE CASE

NRRA and Allied Professionals Announce Amicus Victory with Prospect for Further Support on Other Pending Case Before Louisiana Court of Appeals

ENCINO, Calif. – The Louisiana Supreme Court has now denied the petition for a writ of certiorari taken by plaintiffs in Courville vs. Allied Professionals Insurance Company and Rathman, essentially upholding the positive decision rendered by its court of appeals earlier this year in favor of Allied Professionals and NRRA.

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September 29, 2015 National Risk Retention Association 2015 Conference Kicks Off in Chicago

The National Risk Retention Association (NRRA) kicks-off its annual conference today at the Sofitel Water Tower Hotel in Chicago, Illinois.

The 2015 NRRA conference brings together industry peers for three days of great networking, NRRA-unique fast-paced educational sessions, an impressive slate of speakers, and the most current information about the regulatory, judicial and legislative issues facing risk retention groups and purchasing groups today.

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July 29, 2015 Wisconsin Allows Risk Retention Groups to Insure Health Care Providers

The Ophthalmic Mutual Insurance Company, a risk retention group (OMIC), announced today that risk retention groups once again are permitted to write health care liability insurance for providers in Wisconsin. The Wisconsin legislature passed the 2015 Wisconsin Act 55, effective July 14, 2015, which includes amendments to the laws that had previously kept risk retention groups from insuring Wisconsin physicians, nurse anesthetists, hospitals, and other medical entities.

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