Insurer Defends Industry Groups' RICO Claims In 2nd Circ.

Law360, New York (January 4, 2013, 6:36 PM EST) -- Petrosurance Inc. on Thursday told the Second Circuit it has plenty of evidence to back up its $60 million racketeering suit against two insurance industry groups that was dismissed in August, and said the groups' arguments against its appeal actually support its case.

The insurer is appealing the dismissal of its Racketeer Influenced and Corrupt Organizations Act suit against the National Association of Insurance Commissioners and National Conference of Insurance Guaranty Funds Inc. over allegations that they delayed a payout from the estate of a liquidated...
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