1st Circuit Refuses To Stay Arbitration Of Liquidator’s $150M Case Against Reinsurers

Mealey's (June 19, 2020, 12:54 PM EDT) -- BOSTON — A First Circuit U.S. Court of Appeals panel on June 17 denied an insurer’s liquidator’s motion to stay arbitration with reinsurers in a $150 million hurricane loss case despite the liquidator’s argument that the McCarran Ferguson Act reverse-preempts the Federal Arbitration Act (FAA) (Integrand Assurance Co. v. Everest Reinsurance Co., et al., No. 20-1534, 1st Cir.)....