Reinsurer Says It Does Not Owe $4.4 Million Claimed By Reinsured

Mealey's (September 8, 2015, 9:10 AM EDT) -- CHICAGO — A reinsurer told a federal court in Illinois on Sept. 3 that because of its reinsured’s late notice, it is not obligated to pay more than $4.4 million in asbestos bodily injury related claims (R&Q Reinsurance Company v. St. Paul Fire & Marine Insurance Company, No. 15-cv-07784, N.D. Ill.).

(Complaint available. Document #12-150918-004C.)

R&Q Reinsurance Co., f/k/a ACE American Reinsurance Co., f/k/a INA Reinsurance Co., sued St. Paul Fire & Marine Insurance Co. in the U.S. District Court for the Northern District of Illinois,...
To view the full article, register now.