Federal Judge: Stay ‘Not Warranted’ Pending JPMDL Decision In Insurance Rehab Case

Mealey's (May 19, 2022, 5:16 PM EDT) -- RALEIGH, N.C. — A North Carolina federal judge on April 25 denied an insolvent insurer’s motion to stay pending the outcome of the insurer’s consolidation motion in a multidistrict litigation proceeding but granted the North Carolina insurance commissioner’s motion to remand in a suit he filed against the insurer alleging that it seeks to increase its insureds’ premium rates without the commissioner’s approval, finding that the commissioner “is not a citizen for purposes of diversity jurisdiction.”...