A United States District Judge dismissed RICO claims asserted against GenRe by the Insurance Commissioners of Tennessee and Virginia in an MDL action relating to the liquidation of Reciprocal of America and various risk retention groups, due to the failure to adequately plead reliance. In re Reciprocal of America Sales Practices Litigation, case no., MDL 04-1551 (June 12, 2006). The claims alleged that GenRe provided illusory reinsurance, under which it did not assume substantial risk.
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