STORY FROM: Reinsurance & Arbitration
R&Q Asserts Claims Based Upon Cedent’s Alleged Late Notice in Amended Complaint
September 20, 2016
CHICAGO — R&Q Reinsurance Co. has filed an amended complaint in Illinois federal court in which it asserts that it is not liable to pay a $1.5 million billing submitted by The American Insurance Co. because the insurer failed to provide R&Q with timely notice of the asbestos claims giving rise to the billing.
In a Sept. 16 amended complaint filed in the U.S. District Court for the Northern District of Illinois, R&Q has asserted two claims of declaratory judgment and a breach of contract claim against TAIC.
According to the amended pleading, R&Q and American are parties to 11 ...
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