A Risk Retention Group, or RRG, is an alternative risk transfer entity created under the federal Liability Risk Retention Act of 1986. RRGs must form as liability insurance companies under the laws of one state, but may do business in all 50 US states as long as they insure only members of the same group. One advantage of being a member is the RRG's dedication to each member, which can result in long-term stability as well as broader coverage than may be available in the more standard marketplace.
