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Judge Orders Insurer, Reinsurer To Mediate Dispute

(September 28, 2016, 11:46 AM EDT) -- SAN FRANCISCO — A federal judge in California on Sept. 20 approved an insurer’s and reinsurer’s joint stipulation, thus ordering that the two mediate their $1.4 million asbestos-related reinsurance billing dispute (The American Insurance Company v. R&Q Reinsurance Company, No. 16-cv-03044, N.D. Calif.).

(Order available. Document #12-161007-007R.)

The American Insurance Co. (TAIC) sued R&Q Reinsurance Co. on June 6 in the U.S. District Court for the Northern District of California. TAIC seeks damages and declaratory relief in connection with R&Q’s alleged breach of certain reinsurance contracts....
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