WASHINGTON--A coalition of risk retention groups has been given the go-ahead by key House legislators to draft a bipartisan bill expanding the scope of the insurance coverage they offer to include property products.
Cliff Roberti, representing the American Risk Retention Coalition, said the go-ahead from key members of the House Financial Services Committee is a break-through.
Approval to proceed with drafting was given by staffers representing Rep. Paul Kanjorski, D-Pa., the chairman, and Rep. Deborah Pryce, R-Ohio, ranking minority member of the Capital Markets Subcommittee of the House Financial Services Committee, Mr. Roberti said.
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