TAIC Files Amended Complaint in $1.47 Million Calif. Federal Reinsurance Action

SAN FRANCISCO — The American Insurance Co. has filed an amended complaint in California federal court, in which it demands payment of $1.47 million in reinsurance proceeds from R&Q Reinsurance Co. for underlying General Motors Corp. asbestos claims and asserts that the action has sufficient ties to the forum state.

In a Nov. 2 filing in the U.S. District Court for the Northern District of California, TAIC asserts that the issues at the center of the defenses raised by R&Q focus on events that allegedly occurred or failed to occur in California.

TAIC insured GM under several excess liability policies …