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Risk Retention Expansion Hits Snag

An attempt to have expansion of the Federal Liability Risk Retention Act linked to the Senate terrorism insurance bill failed last week, but alternative market officials vowed to continue the fight to give insurance buyers more options.

“We’re going to regroup and see if maybe they’ll reconsider in conference,” said Bernard Fulton, who represents the Housing Authority Risk Retention Group, which is a member of the Coalition for the Expansion of the Risk Retention Act (CERRA).

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