Insurer Sues Reinsurer For Interest Owed Due To Allegedly Late Payments

Mealey's (January 7, 2016, 7:20 AM EST) -- LOS ANGELES — An insurer/reinsurer sued its reinsurer on Dec. 23 in a federal court in California, claiming that its reinsurer owes it interest for late payments of certain reinsurance billings (Transport Insurance Company v. Associated International Insurance Company, No. 15-cv-09868, C.D. Calif.).

(Complaint available. Document #12-160108-011C.)

Transport Insurance Co., as successor in interest to Transport Indemnity Co., sued Associated International Insurance Co. in the U.S. District Court for the Central District of California, bringing a number of breach of contract claims.

Transport says, “In the...
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