20 July 2023news

NRRA continues to warn of RRG threats

The National Risk Retention Association (NRRA) has announced that it is continuing to assert its leadership role on both the regulatory and legislative battle fronts threatening risk retention groups (RRGs) includes planning in place for the upcoming legislative session this fall.

The NRRA sounded the alarm over the H57/SB516 Bill in Florida, which directly affected RRGS. The Bill was not signed into law by Governor Ron DeSantis, but the NRRA has warned that it might reappear in a new form in the Florida State legislature.

The Association has sent what it said is an ‘exhaustive’ legal opinion letter directed recently to the Florida Department of transportation (FDOT), which was recently the subject of a proactive meeting at the Florida Office of Insurance Regulation (FOIR) between several regulators and the President of the Florida Transportation Builders Association (FTBA).

FTBA represents a number of the RRG-insured public works contractors which continue to be at risk from the FOIR "pop-up" message described in recent NRRA newsletters, which the association has criticised.

Although originally in support of the H57/SB516 Bill, the subject of vigorous opposition from NRRA, FTBA is now working with NRRA in its fight to get the FOIR to step back from what the NRRA described as: “its misleading and discriminatory communication(s).”


More on this story

news
3 October 2023   Prospective attendees can now register for the event in Chicago.
news
22 September 2023   The association will hold its event in the usual venue in Chicago.
Analysis
18 July 2023   Captive International gets the latest on the Florida risk retention group legislative battle, in an exclusive interview with Joe Deems of the National Risk Retention Association.

More on this story

news
3 October 2023   Prospective attendees can now register for the event in Chicago.
news
22 September 2023   The association will hold its event in the usual venue in Chicago.
Analysis
18 July 2023   Captive International gets the latest on the Florida risk retention group legislative battle, in an exclusive interview with Joe Deems of the National Risk Retention Association.