Insurers, Investment Companies Seek To Dismiss RICO, Unjust Enrichment Claims

Mealey's (January 16, 2019, 2:00 PM EST) -- KANSAS CITY, Kan. — Insurance and investment companies filed separate motions on Jan. 14 to dismiss Racketeer Influenced and Corrupt Organizations (RICO) Act and unjust enrichment claims in a Kansas federal court action alleging that they depleted life insurers’ surplus assets by reinsuring risks with one another rather than using “arm’s-length reinsurance treaties” (Albert Ogles v. Security Benefit Life Insurance Co., et al., No. 18-02265, D. Kan.)....