5th Circuit Affirms Arbitration Order In $7M Hurricane Ida Dispute

Mealey's ( March 7, 2024, 12:23 PM EST) -- NEW ORLEANS — A Fifth Circuit U.S. Court of Appeals panel on March 6 affirmed an order compelling arbitration of an insureds’ claims for $7 million in damages caused by Hurricane Ida and for bad faith against a group of foreign and domestic insurers that had provided it a surplus line policy....