Ruling Nonbinding Arbitration Not Subject To FAA, Judge Stays Reinsurance Row

Mealey's (September 29, 2021, 11:16 AM EDT) -- ORLANDO, Fla. — An agreement to submit to nonbinding arbitration is not subject to the Federal Arbitration Act (FAA) but is “an express condition precedent to filing suit,” a federal judge in Florida ruled Sept. 28, staying a self-insured intergovernmental risk management association’s breach of contract dispute against a reinsurer pending completion of the process....