Reinsured: Reinsurer Owes More Than $5 Million In Asbestos-Related Billings

Mealey's (November 5, 2015, 10:07 AM EST) -- SYRACUSE, N.Y. — An insurer asked a federal court in New York on Nov. 2 to order its reinsurer to pay it $5,716,847.18 that the insurer says the reinsurer has wrongfully withheld (Utica Mutual Insurance Company v. R&Q Reinsurance Company, No. 14-cv-00699, N.D. N.Y.).

(Redacted brief in support of motion for summary judgment available. Document #12-151113-016B.)

Utica Mutual Insurance Co. sued R&Q Reinsurance Co., f/k/a INA Reinsurance Co., in the U.S. District Court for the Northern District of New York on June 11, 2014, bringing a...
To view the full article, register now.