Park Wood Risk Retention Group, Inc.
Park Wood Risk Retention Group, Inc. was formed to provide affordable commercial auto liability insurance to new venture trucking owner operators and small trucking fleets (up to 5 units) engaged in intermediate to long-distance trucking. We are domiciled in the State of Alabama and write business in the following states: Alabama, Arizona, California, Georgia, Louisiana, Nevada, New Mexico, North Carolina and Texas.
Our goal is to provide our retail agents with a state-of-the-art underwriting platform, competitive rates and unparalleled customer service. Our team of underwriters bring 90+ years’ experience in commercial auto liability "wheels" based business. Park Wood Risk Retention Group, Inc. has purchased a 98% quota share reinsurance treaty from Technology Insurance Company, Inc. (NAIC # 011234). Technology Insurance Company, Inc. is a part of the AmTrust Financial Services, Inc. group of reinsurance companies (AFSI) which is rated "A-" (Excellent), by A.M Best with a Financial Size Category "XV" ($2 Billion or greater) and the participation is 100%.
This electronic information is published by Park Wood Risk Retention Group, Inc. a risk retention group, for educational purposes only and is not intended to be a solicitation or sale of insurance to any person not eligible for membership or in states where the risk retention group has not filed its registration as required by the federal Liability Risk retention Act of 1986 (LRRA). Risk retention groups operate under the federal Liability Risk Retention Act of 1986 and provide insurance for the common liability risk exposure of eligible group members. Policies issued by a risk retention group may not be subject to all of the insurance laws and regulations of your State. State insurance insolvency guaranty funds are not available for risk retention groups. This electronic information is intended solely to provide general information and is not intended to constitute legal advice. If legal advice is desired or needed, an attorney should be consulted.