Reinsurer Concedes Claims Should Be Arbitrated, Seeks Stay Of Federal Court Case

Mealey's (July 10, 2020, 11:40 AM EDT) -- GRAND RAPIDS, Mich. — A reinsurer concedes in a July 9 brief filed in a Michigan federal court that it should arbitrate its claims against an insurer over damages in excess of $3,707,961 related to alleged improper claim payments under two employee benefit plans, but it seeks a stay so that the court can resolve any third-party discovery disputes (Alliance Health & Life Insurance Company v. Symetra Life Insurance Company, No. 20-431, W.D. Mich.)....