RRG Expansion Gains Traction In House

A risk retention group coalition has reportedly been given the go-ahead by key House legislators to draft bipartisan legislation that would expand the scope of the alternative market facilities to cover property exposures.

Cliff Roberti–recently added to the staff of the American Risk Retention Coalition, formed specifically to advance expansion of the federal Liability Risk Retention Act–said the go-ahead from key members of the House Financial Services Committee is a breakthrough.