SANTA ROSA, Calif., June 8 /PRNewswire/ -- Continuing Care Risk Retention Group (Continuing Care) ranked 15th in this year's RRG Power 50 poll published in the May 2010 issue of Captive Review. The poll, which measures risk retention group financial strength and efficacy from a "capital efficiency" perspective, is based on company balance sheet results. Rankings are determined by comparing each company's asset to liability and premium to surplus ratios.
"There are more than 250 risk retention groups throughout the U.S. and more than 25 specialize in long-term care. We're proud of what we offer and appreciate the recognition," says Robert Bates, Board Secretary of Continuing Care and President of Magnolia LTC Management Services. "We attribute our success to prudent underwriting, proactive risk management, aggressive claims management, insured member loyalty, and the visionary leadership of the Continuing Care Board."
Continuing Care is a member-owned mutual insurance company that provides quality care providers and organizations with a focused and stable professional and general liability insurance program. They insure skilled nursing facilities, intermediate care facilities, assisted living facilities, residential care facilities, independent living facilities, specialized units and congregate care units.
Continuing Care's program is administered by Magnolia LTC Management Services Inc., a firm specializing in elder care insurance products and known for their experience in skillful claims administration and risk management for the senior care industry. Their track record for preventing claims, reducing expenses and increasing profitability underscores their commitment to strategic partnership and end-to-end client support.
Chief Financial Officer Nick Addleman says, "It brings me a lot of satisfaction to know that Continuing Care and Magnolia help care facilities succeed by providing an affordable alternative to traditional insurance. And it's especially satisfying to be recognized within the industry with a number 15 ranking in the RRG Power poll."
About Continuing Care Risk Retention Group
Continuing Care provides a cost-effective liability program that drives down care facilities' expenses and improves loss experience. For more information, visit the company's Web site at http://www.CCRRG.com or contact Nick Addleman at 707-571-7430.
About Captive Review
Launched in December 1999 and published monthly, Captive Review is the leading title for the alternative risk transfer sector. Highly valued by an expanding universe of risk managers, CFOs, CEOs and service providers, the magazine provides key news stories and timely features. For more information, visit http://www.captivereview.com.
SOURCE Continuing Care Risk Retention Group