Judge Vacates Order Compelling Arbitration Of $7M Hurricane Claim

( January 22, 2025, 1:26 PM EST) -- NEW ORLEANS — A Louisiana federal judge, citing new Louisiana Supreme Court precedent on the arbitrability of insurance claims, granted a motion filed by two New Orleans property owners’ to vacate an order compelling arbitration of their claims for $7 million in damages caused by Hurricane Ida and for bad faith against a group of foreign and domestic insurers, a ruling that was previously upheld by the Fifth Circuit U.S. Court of Appeals....