ARTful Measures Is a single-state approach, like that of Indiana’s IPS, the future of RRGs? The introduction in 1981 of risk retention group (RRG) legislation—specifically the Product Liability Risk Retention Act of 1981—led to active federal involvement in the commercial insurance marketplace. Prior to this regulation, oversight of the insurance industry had been left to individual states. The Act was driven by a nationwide shortage of product liability and completed
Alternative Risk Transfer

Opportunities abound for mid-sized agents and brokers to profit from the captive trend ARTful Measures By Michael J. Moody, MBA, ARM Several years ago you could set your clock by where the underwriting cycle was in the commercial property and casualty insurance market. Seven years on the dot. Rates would, for the most part, follow this predetermined timetable. If it was year three into the cycle, you knew you had

Bermuda Captive Conference keynote discusses seven tools to help reduce healthcare costs The cost of healthcare in the United States is twice that of any other developed country. Despite this fact, the U.S. still doesn’t provide the best care. This results in a situation where we are not receiving the best healthcare for the least amount of money. In fact, we have one of the most costly healthcare systems of

From the Fifties to the future The phenomenon known as the “alternative market” began nearly six decades ago. Originally, the market included just a handful of Fortune 500 corporations looking for a viable risk-financing approach. They wanted to better align their organizations’ losses with what they were paying for commercial insurance. At about the same time, insurance innovator Fred Reiss, a former property insurance engineer who became an insurance broker