Are there many RRGs operating currently?
A. There are over 250 RRGs currently operational in the United States as of July, 2009 representing over $2,150,000,000 in premiums written. 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 RRGs have been established to provide affordable and dependable professional liability insurance free from the uncertainties of the commercial market.
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