Dan Labrie, president and CEO of HAI Group, has been elected chairman of the National Risk Retention Association (NRRA) at its recent board of directors meeting.
“[Labrie] is a leader in our industry who has given strong support to [the NRRA] over the years. We are especially pleased that he has agreed to serve as chairman,” said Sanford Elsass, who has been chairman for the last three years.
HAI Group is composed of 11 diverse companies that provide insurance and other services to the public and affordable housing community.
It offers liability insurance to its members through the Housing Authority Risk Retention Group, one of the largest and most successful risk retention groups (RRGs).
The company was one of the first RRGs organised after enactment of the Liability Risk Retention Act of 1986 (LRRA).
Labrie commented: “[The NRRA] is the public voice of risk retention and purchasing groups with a successful record of defending the industry against challenges to the authority of RRGs to operate in some states; I am confident in the future growth of this important sector of the insurance industry.”
Some 240 RRGs collectively write over $2.5 billion premium. Under the LRRA, RRGs are authorised to write liability insurance in all 50 states when licensed in a single state.
