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Rob Walling

“Ch-ch-ch-ch-Changes (Turn and Face the Strange)”

The 2017 NRRA National Conference Focuses on the Reality of Disruptive Innovation

“Ch-ch-ch-ch-Changes (Turn and Face the Strange)”
Rob Walling October 10, 2017 Posted in: Blog Posts, General, News
This year’s National Risk Retention Association (NRRA) National Conference in Chicago offered several sessions focused on disruptive innovation’s impact on the rapidly changing face of risk. The keynote presentation, The Reality Trap, was a thought-provoking exploration of how expanding one’s perspective can equip people to better embrace change. The presenter challenged audience members’ preconceived notions about generational differences and suggested that we simply cannot learn new skills quickly enough to keep up with the ever-accelerating pace of change.
Tags: RRGs, NRRA
Rob Walling

More than Insurance

Homegrown Vermont RRG Protects Land that Americans Love

More than Insurance
Rob Walling June 21, 2016 Posted in: Blog Posts, Alternative Markets
In the late 1990s, staff at Colorado Open Lands, a nonprofit land trust that exists to protect Colorado’s treasured land and water resources, started wondering how it would handleenforcement actions on its easements. The answer ultimately led to the creation of a unique insurance company that helps land trusts protect the public benefit of conserved lands forever and covers land trusts’ public liability for lasting conservation.
Finally, a Toe Hold for Property in RRGs?
Over the last thirty years, several ill-fated attempts have been made to expand the Liability Risk Retention Act (LRRA). A number of these attempts have focused on permitting risk retention groups (RRGs) to provide property insurance coverage, typically focusing on under-served property markets such as coastal or urban areas. A new bipartisan proposal, H.R. 3794, introduced by U.S. Rep. Dennis Ross, R-Florida, may present a thoughtful, measured toe hold for RRGs to expand into property insurance.
The Evolving Role of Risk Retention Groups
The recent National Risk Retention Association (NRRA) conference in Chicago provided an excellent opportunity to not only look back at the role risk retention groups (RRGs) have played, but also to look forward at their evolving and expanding role in the U.S. liability insurance market.
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