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About Us

About Company

What is a Risk Retention Group (RRG)?

Over the past five years the commercial transportation industry has gone through a period of substantial change. With the lagging response from the insurance industry to address what is a significant problem for transportation risks…the high cost and availability of commercial auto insurance.

Recently, with the traditional insurance carriers incurring large losses from the heavy (trucking) transportation accounts as well as the increased regulatory requirements adding the growing interest in the semi-autonomous vehicle the environment is ideal for utilizing a Risk Retention Group and/or Captive Insurance structure.

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Our
Mission.

Over the past 30+ years, the commercial transportation industry has undergone substantial change. Traditional insurance carriers have struggled to address the high costs and availability of commercial auto insurance.

Timber Creek was formed to bridge this gap, offering specialized solutions through Risk Retention Groups and Captive Insurance structures.

Our Vision

To be the leading advocate for transportation risks, providing stability and comprehensive coverage where traditional markets have retreated. We envision a safer, more secure future for the trucking industry.

Core Objectives

Risk Retention
Cost Stability
Regulatory Compliance
Financial Security
Industry Insight

What is an RRG?

Understanding Risk Retention Groups

A Member-Owned Solution

A Risk Retention Group (RRG) is a liability insurance company that is owned by its members. Created under the federal Liability Risk Retention Act (LRRA) of 1986, RRGs allow businesses with similar risks to band together to provide themselves with insurance.

Unlike traditional carriers, RRGs are exempt from many state-specific regulations, allowing for flexibility, stability, and lower premiums in high-risk industries like transportation.

1986 Year Federal Act Passed
260+ Active RRGs in USA
$30B+ Industry Premium Volume

Frequently Asked Questions

Standard insurance companies are owned by shareholders who profit from premiums. An RRG is owned by its policyholders (the members). This means members have control over the company's direction, and profits are retained to stabilize rates.

Yes. RRGs are regulated by the state in which they are domiciled. They must meet strict capital and surplus requirements and are subject to annual audits. However, because they operate under a federal charter, they can do business in all states without a license in each.

Stability: Rates are less volatile because they aren't driven by stock market demands.
Control: Members have a say in claims handling and risk management.
Expertise: RRGs specialize in specific industries, offering tailored coverage.

Absolutely. Like traditional insurers, RRGs are required to maintain reserves to pay claims. Many RRGs, including Timber Creek Casualty, maintain robust capital positions and reinsurance treaties to further protect members.

Yes. RRGs often specialize in niche industries and allow members to select coverage options that match their unique business risks. This flexibility ensures you pay only for what you need.

Membership typically requires meeting certain industry or business criteria and submitting an application. Once approved, members gain policy coverage and a voice in governance decisions.

Yes. Since RRGs are owned by members and not external shareholders, profits are returned to members or used to stabilize premiums. This can result in lower and more predictable costs compared to traditional insurers.