Safety National Casualty Corp. v. Certain Underwriters at Lloyd’s, London:Does the McCarran-Ferguson Act Authorize State Insurance Law to Reverse-Preempt the New York Convention?
In Safety National Casualty Corp. v. Certain Underwriters at Lloyd’s, London, 587 F.3d 714 (5th Cir. 2009), the Fifth Circuit addressed the following question: does the McCarran-Ferguson Act authorize state law prohibiting arbitration agreements in insurance contracts to reverse-preempt the New York Convention or the New York Convention’s implementing legislation (the Federal Arbitration Act, or…