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ARRC Urges Congress To Allow Property RRGs

Seeing an opportunity to expand the Liability Risk Retention Act of 1986 to include property risks this year, the American Risk Retention Coalition last week delivered a letter to Rep. Richard Baker,

By Caroline McDonald | Updated on July 23, 2006

Seeing an opportunity to expand the Liability Risk Retention Act of 1986 to include property risks this year, the American Risk Retention Coalition last week delivered a letter to Rep. Richard Baker, R-La, calling for the law’s expansion to help solve an emerging insurance availability crisis in coastal areas.

However, another alternative market group wondered about the timing of the effort, with Congress due to recess in September and awaiting recommendations stemming from a Government Accountability Office report on risk retention groups.

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