Reinsurer Removes $180,000 Breach Of Contract Suit To Illinois Federal Court

Mealey's (October 8, 2015, 12:26 PM EDT) -- CHICAGO — A reinsurer on Oct. 7 removed to Illinois federal court a suit in which the holder of the rights to certain accounts receivables due to an insolvent insurer is suing the reinsurer, alleging that it owes more than $180,000 stemming from 1980s reinsurance agreements (Pine Top Receivables of Illinois, LLC v. Transfercom, Ltd., No. 15-cv-8908, N.D. Ill.)....