Federal Judge Stays Coverage Dispute In Favor Of London Arbitration

Federal Judge Stays Coverage Dispute In Favor Of London Arbitration

NEW YORK - A New York federal judge on Aug. 6 denied an Australian insurer's motion to dismiss an insurance coverage dispute but stayed the action in favor of London arbitration pursuant to an arbitration clause in the underlying policies (Marsh & McLennan Companies Inc. v. Gio Insurance Limited, No. 11-8391, S.D. N.Y.; 2013 U.S. Dist. LEXIS 110613).

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