Allstate Leads Charge with RICO Act in Escalating Insurance Fraud Lawsuits

Pieter Gunst01 mins

A recent surge in the use of the Racketeer Influenced and Corrupt Organizations (RICO) Act in insurance litigation has been highlighted by a flurry of lawsuits, predominantly filed by Allstate Insurance Co. Over the span of a week, major property and casualty insurers initiated 26 lawsuits, with Allstate responsible for 19 of these filings. These cases primarily target local and small pharmacies in New York, alleging involvement in insurance fraud. For further details, you can check out the report on this development here.