Stay Connected with Industry News, Emerging Risks

Caitlin Morgan through our blog and newsletter is committed to keeping our agency partners and insureds abreast of trends, emerging trends and developments as they relate to the segments we serve. We invite you to connect and engage with us.

The Benefits of Setting Up a Risk Retention Group

Posted on: December 14, 2018 by Chris Murray

Business owners have many options when it comes to protecting their assets from liability. Commercial general liability insurance policies and specialized coverages are available, but these do not always meet the specific needs of certain business entities. In order to address coverage shortfalls, the U.S. Congress passed legislation allowing for the creation of an entirely […] Read More

Posted in: blog Risk Retention Group

Top Professional Liability Risks for Skilled Nursing Homes, Assisted Living Facilities

Posted on: April 11, 2017 by Chris Murray

Taking a close look at the type of professional liability insurance claims skilled nursing homes and assisted living facilities are reporting to carriers provides us with additional insight into the top risks that these operations face – from falls to improper care and elopement. Last year, CNA shared findings from its claims files between 2011 […] Read More

Posted in: Nursing Home

Demotech Assigns Financial Stability Rating® to Midwest Insurance Group

Posted on: May 27, 2016 by Chris Murray

Midwest Insurance Group, a Risk Retention Group (RRG) providing professional liability and general liability for nursing homes and physicians in Indiana, has been assigned a Financial Stability Rating® (FSR) of A, Exceptional, by Demotech, Inc. Demotech is a financial analysis firm that specializes in evaluating the financial stability of regional and specialty insurers. Caitlin Morgan […] Read More

Posted in: blog Captive Solutions

New Bill Could Expand RRGs to Cover Property Insurance for Non-Profits

Posted on: November 12, 2015 by Caitlin Morgan

In mid-October, Representatives Dennis Ross (R-FL) and Ed Perlmutter (D-CO) introduced Bill H.R. 3794, which is aimed at expanding the Liability Risk Retention Act (LRRA) of 1986 to allow certain Risk Retention Groups (RRGs) to insure policyholders’ property risk. Specifically, the measure would allow RRGs to write property coverages for policyholders that are non-profit organizations […] Read More

Posted in: blog Risk Retention Group

The Advantages of A Risk Retention Group

Posted on: June 25, 2015 by Caitlin Morgan

When businesses had trouble obtaining some types of commercial insurance coverage, including liability insurance back in the 1980s, new mechanisms for transferring risk were developed including captives. A captive is special type of insurance company set up by a parent company, trade association or group of companies to insure the risks of its owner or […] Read More

Posted in: blog Risk Management

What Are the Benefits of a Risk Retention Group?

Posted on: November 22, 2013 by Caitlin Morgan

What Are the Benefits of a Risk Retention Group? Businesses are always looking for alternative innovative insurance solutions to mitigate their liability risk and cover their exposures. They also want to reduce their costs, gain greater control over their insurance program and grow their assets. Solutions such as Captives insurance and Risk Retention Groups (RRGs) […] Read More

Posted in: Insurance Risk Retention Group

Determining Whether An Insurance Captive is Right for Your Insured

Posted on: October 4, 2012 by Caitlin Morgan

Determining Whether An Insurance Captive is Right for Your Insured Last month in our blog we discussed how organizations view insurance captives as valuable risk management strategy as exposures have expanded due to globalization and interdependencies, financial upheaval, corporate wrongdoing, and increased expectations and demands from stakeholders. Now let’s look at how you – as […] Read More

Posted in: Captive Solutions