RRG's
Moderators: Josh, independent guy
RRG's
I have been told by several underwriters this is due to the newer underfunded RRG's popping up all over the U.S. The concern is whether the RRG will still be around when a claim arises years down the road. The "true insurance companies" are concerned about defense costs of a claim involving the RRG's along with the true carriers even though the carrier applies a prior acts exclusion. Perhaps they do not like the competition or the lower "premiums" with the RRG's. I for one stay away from selling the RRG's as my E&O carrier applies a surcharge to my premium if I sell them.