Judge Denies Stay Pending Insurer’s Appeal Of Jurisdiction Decision For Arbitration Panel

Mealey's (November 15, 2019, 12:42 PM EST) -- NEW YORK — A federal judge in New York on Nov. 14 refused to stay pending an insurer’s recent appeal of his decision granting reinsurers’ declaratory relief in a dispute over which of two arbitrations has jurisdiction to decide reinsurance billings for asbestos losses because the insurer “failed to make the requisite strong showing of likelihood of success on the merits” (Chicago Insurance Co. v. General Reinsurance Corp., et al., No. 18-10450, S.D. N.Y.)....