Law360 (May 7, 2020, 4:53 PM EDT) -- An association of Montana counties told the state's federal court that Lloyd's of London underwriters can't force them to arbitrate a dispute over the coverage of a $4.45 million settlement with a man falsely imprisoned on murder and kidnapping charges.
The Montana Association of Counties Property and Casualty Trusts argued Tuesday that the underwriters must resolve the dispute in court given their refusal to pay the $2.26 million the county association says it's owed under a reinsurance agreement.
"While the policy contains a general arbitration clause, the policy also contains a more specific clause whereby underwriters consent to a judicial forum...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!