Applying First-Filed Rule, Judge Grants Stay Of Proceedings Against 1 Reinsurer

Mealey's (November 23, 2022, 1:24 PM EST) -- OMAHA, Neb. — Applying the first-filed rule in a suit National Indemnity Co. (NICO) filed over its $157.2 million settlement with Montana regarding alleged asbestos exposures, a Nebraska federal judge issued a memorandum and order on Nov. 22 staying proceedings against one reinsurer defendant pending a ruling in the reinsurer’s suit in New Hampshire federal court....