Excess Insurer’s Suit Stayed; Parties Ordered To Arbitrate Asbestos Coverage Dispute

(September 10, 2019, 12:34 PM EDT) -- CLEVELAND — An Ohio federal judge on Sept. 9 stayed an excess insurer’s suit seeking a declaration that it is not required to reimburse another excess insurer for overpayments made on behalf of a mutual insured for underlying asbestos claims because a 2005 settlement agreement requires the insurers to arbitrate the dispute (First State Insurance Co. v. National Union Fire Insurance Company of Pittsburgh, Pa., No. 18-1775, N.D. Ohio, 2019 U.S. Dist. LEXIS 153454)....

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