Racketeer Influenced and Corrupt Organizations (RICO) Act of 1970
The Racketeer Influenced and Corrupt Organizations (RICO) Act of 1970 is law providing for treble damages against those engaged in "a pattern of racketeering activity."
Additional Information
At one time, a number of liability policies excluded coverage for suits alleging RICO Act violations against insureds. Now, however, this exclusion is much less common.
