Judge Sends $150M Hurricane Case Against Reinsurers To Arbitration

Mealey's (May 4, 2020, 2:23 PM EDT) -- SAN JUAN, Puerto Rico — Having previously heard and rejected a similar argument over “exclusive jurisdiction” in an insurer’s liquidation proceeding, a Puerto Rico federal judge on May 1 declined to reconsider his decision sending the insolvent insurer’s $150 million hurricane loss case against reinsurers to arbitration (Integrand Assurance Co. v. Everest Reinsurance Co., et al., No. 19-1111, D. Puerto Rico, 2020 U.S. Dist. LEXIS 77407)....

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