Rep. Dennis Moore, a Democrat from Kansas, has asked the Government Accountability Office (GAO) to investigate alleged abuses of federally sanctioned risk retention groups (RRGs) by some state insurance regulators.

Legislation has been introduced to permit risk retention groups to write commercial property coverage, expanding their role from the selling of liability insurance only.

The insurance arms of American International Group did not lead it to seek billions in federal aid, but will likely be the mechanisms to repay American taxpayers, according to Pennsylvania …  Read →