STORY FROM: Reinsurance & Arbitration

Fla. Federal Judge Says Lawsuit Against Reinsurer Does Not Belong in U.S.

MIAMI — A Florida federal judge has dismissed a lawsuit in which the owner of a plastics factory sought coverage from a Nicaraguan insurer and Transatlantic Reinsurance Co. for a 2003 fire, ruling there is a lack of subject matter jurisdiction under the Foreign Sovereign Immunities Act.

In an Aug. 27 order, Judge Marcia Cooke in the U.S. District Court for the Southern District of Florida explained that “no officer, employee or agency of the United States is a defendant to this action, and the complaint does not seek mandamus.”

Farouk Morales is the owner of a plastic manufacturing ...

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