There is a lot of anticipation surrounding the Government Accountability Office's investigation of some states' interpretation of the federal Liability Risk Retention Act. For months the GAO has been questioning risk retention group owners and managers, seeking comments on the treatment received from various states.
The latest is New Jersey, which only recently adopted a captive law. The state has proposed legislation that would exclude RRGs from providing liability insurance to taxicab drivers.
Robert H. "Skip" Myers Jr., general counsel of the National Risk Retention Association, sent a letter to N.J. Governor Chris Christie advising him that the bill, pending in the state legislature, would discriminate against risk retention groups.
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