Insurers Ask High Court to Review Louisiana Arbitration Dispute

Units of American International Group Inc., Zurich Insurance Group AG, Axa SA, and other insurers asked the US Supreme Court to review whether a federal act outweighs state law when determining whether arbitration should be required.

The US Court of Appeals for the Fifth Circuit created a circuit split when it ruled that Louisiana state law applied to a dispute between eight US-based insurers and four Louisiana government units over property damage from two hurricanes, the carriers said in their June 11 petition to the US Supreme Court. Two foreign carriers were dismissed from the case by ...