A trade organization for risk retention groups is citing the insurance availability crisis in coastal areas in an effort to prod Congress into authorizing them to sell property insurance.
The American Risk Retention Coalition yesterday delivered a letter to Rep. Richard H. Baker, R-La, calling for the expansion of the Liability Risk Retention Act that governs them, to permit them to provide property coverage.
Such a change, they said, could solve the emerging property insurance availability crisis in areas vulnerable to hurricanes.
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