Bloomberg Law
March 22, 2023, 7:40 PM

Coal Miner Sent to Arbitration for $115 Million Fire Damage Claim

Daphne Zhang
Daphne Zhang
Insurance Correspondent

A group of international insurers won their bid to send a coal company’s $115 million fire damage claim to arbitration after a court held that Missouri law doesn’t prohibit arbitration clauses protected by foreign treaties.

The insurers, including Bermuda-based units of Fairfax Financial Holdings and Argo Group, convinced Judge John A. Ross of the US District Court for the Eastern District of Missouri to pause ongoing litigation over the dispute with Foresight Energy LLC. The judge said Tuesday that Missouri law barring arbitration clauses in insurance contracts doesn’t apply to those in Foresight’s all-risk insurance policies, siding with the insurers’ ...

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