Sunday, November 16, 2003

More on the suit against Reciprocal of America

The Richmond Times-Dispatch has this story on the litigation surrounding the downfall of the Reciprocal of America and its related companies.

The article notes that "The collapse this year of insurance operations Crews organized and helped manage left thousands of policyholders - doctors, lawyers, hospitals and medical associations - without coverage."

Regarding the lawsuit, the article notes that "Virginia Insurance Commissioner Alfred W. Gross alleged a long history of concealed payments, fraudulent transactions, secret agreements designed to buffalo regulators, conspiracy, and breach of fiduciary duties."

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