Are there many RRGs operating currently?
As of January 2005, there are over 190 RRG’s currently operating in the United States as, representing over $2,150,000,000 in premiums written. Collectively, these companies insure a significant percentage of America’s private practice physicians. Since the hard insurance market that started in 2001 there have been over 150 new RRG formations, compared to only about 20 in the prior decade. The resurgence of RRG formation is a direct result of the unaffordability and unavailability of insurance for many professions and industries and RRG’s have been established to provide affordable and dependable professional liability insurance free from the uncertainties of the commercial market.
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