Ill. Regulator Can't Nix Insurance Co. Arbitration Fee Bid

Law360 (March 22, 2019, 9:32 PM EDT) -- An Illinois federal judge has ruled that he isn't barred from entertaining a petition by a Bermuda holding company to confirm $473,000 in attorneys' fees it won in arbitration with Illinois' director of insurance in the liquidation of another company, according to a decision on Friday.

Rejecting a contention by the director of insurance of the State of Illinois that the federal court should stay out of the dispute to avoid interfering with the complexities of the state's insurance regulatory scheme, U.S. District Judge Manish S. Shah found that the arbitration confirmation bid did not ask him to rule on any...

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