Expanding Risk Retention Groups

For nearly a quarter of a century, companies that were finding it hard to get liability insurance, or to get it at a reasonable rate, have had the option of linking up with other businesses and forming their own so-called risk retention group (RRG)--basically a collective captive insurance company that shares the risk across the group.

Now, a bipartisan effort is under way in the House of Representatives to extend that option to companies that want to insure property.

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