Rohit Verma, Global COO of Crawford & Company, believes data will continue to be a big asset to insurers, and the companies that can mine data effectively will see the biggest benefit. While advanced technology is necessary to leverage data, companies need to develop the mindset to incorporate insights in day-to-day work. Mr. Verma also sees “lack of talent” as …

In this edition of Issues in Risk Retention, host Joe Deems, Executive Director of the National Risk Retention Association (NRRA), welcomes Janice Abraham, President & CEO of United Educators, to discuss issues in assessing and insuring risks at educational institutions. Ms. Abraham recalls a time when the traditional property/casualty insurance market had “abandoned colleges, schools and universities.” At a time …

WRIN.tv speaks with Siri Gadbois, President and CEO Educational & Institutional Insurance Administrators, about current market conditions and the future of the industry. She says conditions in the commercial and captive sectors are “flexible and low priced with a lot of capacity.” Ms. Gadbois believes the industry has moved away from the cyclical nature of pricing common years ago. While …

Vermont bills itself as the “Gold Standard” of captive domiciles, with more than 1,000 captives, including 48 of the Fortune 100. WRIN.tv speaks with Sandy Bigglestone, Director of Captive Insurance for the State of Vermont, about how the State cultivates attracts captives and RRGs. Ms. Bigglestone notes that Vermont’s regulatory approach has been “perfected over the years.” She also believes …

Former NRRA chairwoman Rebecca Smart, discusses the challenges and progress she sees in regulation with regard to captives and risk retention groups (RRGs), particularly within the NIAC. She is Corporate Secretary & Legal Counsel for Lenders Protection Assurance Company. Ms. Smart has observed more acceptance of RRGs over time, while new standards and some new regulation continue to emerging within …

Jon Harkavy was involved in the passage of the Liability Risk Retention Act (LRRA) in 1986, and now serves on the Board of Directors of NRRA. He shares with WRIN.tv some evolution on the law, the impact on State regulation, and keys to effective regulation going forward. Since the passage of the Liability Risk Retention Act was passed, RRGs have …

WRIN.tv speaks with Michael Schroeder, co-founder and general counsel at Allied Professionals Insurance Company, about the court battles waged and won in defense of RRG rights with respect to the Liability Risk Retention Act, and battles yet to come. While the Liability Risk Retention Act was passed in 1986, no federal agency is responsible for oversight or regulation of the …

WRIN.tv speaks with Wendy Fisher, Director of Regulatory Affairs at New Home Warranty Insurance Company, about the regulatory environment surrounding Risk Retention Groups (RRGs). Over the past several years she has noticed a great deal of change in the involvement of the NAIC and State regulators, particularly in non-domiciliary States. She credits the National Risk Retention Association (NRRA) with being …

WRIN.tv speaks with Rod Nofziger, COO of the Owner-Operator Independent Drivers Association about factors affecting the risk retention and alternative risk community. He notes that soft market conditions and excess capital have been a challenge over the past three years. As a result, RRGs are reconsidering their business models as well as their relationships with their members. Mr. Nofziger notes …

Dan Labrie, President and CEO of the Housing Authority Insurance Group, also serves as Chair of the National Risk Retention Association (NRRA) and is former Chair of the Captive Insurance Companies Association (CICA) and the Vermont Captive Insurance Association (VCIA). Mr. Labrie believes the increase in laws governing captives in various States is prompted by an increase in development of …

NAIC CEO Senator Ben Nelson gave the keynote address at the NRRA Annual Conference in Chicago. Here, he discusses his participation in the meeting and how relations between NRRA and the NAIC could improve going forward. Senator Nelson was happy to participate in the meeting to help build a better understanding between NRRA and RRGs and the NAIC and State …

Joe Deems, Executive Director at the National Risk Retention Association (NRRA) joins WRIN.tv from the 2015 NRRA Conference in Chicago. Here, he outlines the challenges faced by Risk Retention Groups (RRGs) in the current market, hopes for a better dialogue between NRRA and the NAIC, and the value of gatherings like the NRRA Conference in improving RRG performance. Mr. Deems …

In this edition of “Issues in Risk Retention”, Jim Cutts, Editor and Publisher of The Risk Retention Reporter, joins host Joe Deems, Executive Director of the National Risk Retention Association (NRRA), for a discussion on the state of the Risk Retention Group (RRG) industry. Mr. Cutts notes that there were only ten new RRGs formed in 2014. He believes the …

In part two of this edition of “Issues in Risk Retention”, host Joe Deems, Executive Director of the National Risk Retention Association (NRRA) continues his discussion with NAIC CEO Senator Ben Nelson. Here, he reviews the NAIC’s role in Federal and international insurance regulation, Captiva and RRG accreditation, and better ways to resolve RRG issues outside the Courts. Given the …

In this edition of “Issues in Risk Retention”, NAIC CEO Senator Ben Nelson joins host Joe Deems, Executive Director of the National Risk Retention Association (NRRA). In part one of a two-part interview, Senator Nelson addresses regulatory issues related to Captives and Risk Retention Groups (RRGs), misinterpretations of the Liability Risk Retention Act (LRRA), and legislation that would expand the …