NU Online News Service, Jan. 12, 9:57 a.m. EST
WASHINGTON—The Government Accountability Office has recommended that Congress pass legislation clarifying certain provisions of the Liability Risk Retention Act (LRRA), including registration requirements, fees and coverage.
In a report released yesterday, the GAO says risk-retention groups appear profitable; that most of their new business appears health-related and that their share of the commercial liability market has increased from 2003 to 2010.
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