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Certain Underwriters at Lloyds, London et al v. Mpire Properties, LLC
Case Number:
1:22-cv-09607
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
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September 29, 2023
Insurers Can't Arbitrate $11M Ida Coverage Fight, Judge Rules
A group of insurers cannot force a Louisiana property owner to arbitrate its dispute over coverage for $11 million in Hurricane Ida damages, a New York federal court ruled, finding that the state's insurance law supersedes the Federal Arbitration Act and an international treaty governing disputes involving foreign parties.
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December 05, 2022
Insurers Want $11M Ida Coverage Fight Arbitrated
Numerous insurers for 75 properties damaged by Hurricane Ida have asked a New York federal court to stop Louisiana state court proceedings over coverage for $11 million in Hurricane Ida damages because they say the matter belongs in arbitration.