Expanding RRG coverage should get high priority.(Editorial)(Risk Retention Act)

Two decades ago, amid soaring prices and shrinking coverage, Congress expanded the Risk Retention Act so that risk retention groups could fund member policyholders' liability coverages.

Prior to that expansion, RRGs could be utilized only to provide product liability coverage. Not surprisingly, just a handful of RRGs had been established until Congress in 1986 expanded the type of risks the groups could fund.

Twenty years after the last expansion, RRGs have proven their value. More than 230 groups currently are operating and are providing a vital and stable source of coverage for members, such as educational institutions, hospitals and physicians.

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