Razorback Funding demands $32 million from insurers, saying they failed to honor crime insurance policies after Fort Lauderdale attorney Scott Rothstein allegedly bilked investors $1.2 billion. Razorback sued Federal Insurance Co., St. Paul Fire and Marine Insurance, RLI Insurance, Continental Casualty Co., Westchester Fire Insurance, Ironshore Indemnity, and Harden & Associates, in Broward County Court, Fla.
Travelers Casualty and Surety Co. claims L.M. Sandler & Sons, developers, defaulted on 13 bonded contracts and may default on more, and misrepresented its financial state to Travelers, in a $21 million claim in Norfolk, Va., Federal Court.
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