The new chairman of an organization lobbying the government to allow federally-regulated risk retention groups to expand their coverage areas said he expects to see the effort gain ground this year.
"Momentum has been building. Optimistically, I'd like to say we'll get the attention of Congress, and I think we'll see if this year we can't make some good inroads," commented Larry L. Smith, who heads the American Risk Retention Coalition (ARRC).
The group was formed to facilitate expansion of the federal Liability Risk Retention Act (LRRA) to include property insurance and other coverages.
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