STORY FROM: Reinsurance & Arbitration
R&Q Failed to Show Prejudice Caused by Alleged Late Notice, Cedent Contends
October 5, 2016
CHICAGO — In its answer to R&Q Reinsurance Co.’s amended complaint in which it asserts that it is not liable to pay a $1.5 million billing due to late notice, The American Insurance Co. says the pleading should be transferred to the U.S. District Court for the Northern District of California, which has a stronger connection to the dispute.
In its Oct. 3 answer filed in the U.S. District Court for the Northern District of Illinois, TAIC further asserts that R&Q has failed to plead that it suffered any damages or prejudice as a result of any late notice of ...
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