A representative of the risk-retention industry as well as the Property Casualty Insurers Association of America today urged Congress to expand the Risk Retention Act to allow risk-retention groups to expand coverage to all commercial property and casualty lines except workers' compensation.
These would include auto physical damage, business interruption, and cyber-liability insurance.
The legislation is the Risk Retention Modernization Act of 2014. Its chief sponsor is Rep. Dennis Ross, R-Fla.
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