PLRRA

(redirected from Product Liability Risk Retention Act)

Acronym	Definition
PLRRA	Product Liability Risk Retention Act (statute regarding product liability insurance)

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WASHINGTON, D.C.(WNB) -- The House has passed without objection an expanded Product Liability Risk Retention Act which includes liability and personal liability risk insurance, and completed operations

House passes expanded product liability risk act; measure sent to conference committee

When product liability coverage became scarce in the late 1970s, Congress passed the 1981 Product Liability Risk Retention Act, and amended it in 1986, that created RRGs and granted them their sole mission to write liability coverage.

Expansion plans

The recommendations of the task force were the basis for the original Product Liability Risk Retention Act of 1981.

Fighting over RRG legislation: will expansion of the risk retention laws into new kinds of risks increase insolvencies? Or are the changes just a reasonable response to changes in the marketplace? That's the debate that pits state insurance commissioners against risk retention groups

The development of risk retention groups was enabled by the passage of the Product Liability Risk Retention Act of 1981.

Are captives the answer? Do-it-yourself alternatives earn risk management market shares

With the advent of the 1981 Product Liability Risk Retention Act, and later with the Federal Liability Risk Retention Act of 1986, risk retention groups (RRGs) began to sprout up during the 1980s despite resistance from state insurance regulators.

Risk retention groups face regulatory challenges

United Educators is a risk retention group, a kind of company that was enabled by the 1981 Product Liability Risk Retention Act and the amended version, the Federal Liability Risk Retention Act of 1986.

Rethinking the regulations: proposed federal legislation would increase the lines of business that risk retention groups could write