American Guarantee Wants St. Paul to Reimburse $1.78 Million

NEWARK, N.J. - American Guarantee & Liability Insurance Co. has asked a federal court to order St. Paul Fire and Marine Insurance Co. to reimburse it for $1,775,000 it paid under excess coverage policies to settle water and mold damage claims against a general contractor. American Guarantee & Liability Insurance Co. v. St. Paul Fire and Marine Insurance Co., No. 05-CV-3341 (DRD) (D. N.J.).

American Guarantee filed the declaratory judgment action against St. Paul on June 28 in the U.S. District Court for the District of New Jersey, complaining that St. Paul paid only $1 million of a $2.775 million …