Certain Underwriters at Lloyd's London v. Belmont Commons LLC

CourtDistrict Court, E.D. Louisiana
DecidedJanuary 17, 2025
Docket2:22-cv-03874
StatusUnknown

This text of Certain Underwriters at Lloyd's London v. Belmont Commons LLC (Certain Underwriters at Lloyd's London v. Belmont Commons LLC) is published on Counsel Stack Legal Research, covering District Court, E.D. Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Certain Underwriters at Lloyd's London v. Belmont Commons LLC, (E.D. La. 2025).

Opinion

UNITED STATES DISTRICT COURT EASTERN DISTRICT OF LOUISIANA

CERTAIN UNDERWRITERS AT CIVIL ACTION LLOYD’S LONDON ET AL. NO. 22-3874 VERSUS C/W 22-3876

BELMONT COMMONS LLC ET AL. SECTION L (3)

ORDER & REASONS Pending before the Court is a motion to “lift stay and vacate arbitration order” filed by Plaintiffs, Belmont Commons LLC and Belmont Delaware LLC. R. Doc. 65. The Insurers, eleven insurance companies, oppose the motion. R. Doc. 68. Plaintiff filed a reply, R. Doc. 70, and the Insurers filed a sur-reply, R. Doc. 75. Oral argument on the motion was held on Wednesday, December 18, 2024 at 9:30 a.m. R. Doc. 73. Considering the record, the briefing, the arguments, and the applicable law, the Court now rules as follows. I. BACKGROUND: This litigation arises from alleged Hurricane Ida damage. R. Doc. 1-9 at 8. Plaintiffs own property in New Orleans, Louisiana comprised of luxury apartments, retail space, and parking lots. Id. at 3. Plaintiffs allege that when Hurricane Ida struck, it had “separate policies of insurance covering the Property” underwritten by nine domestic insurers and two international insurers (collectively, the “Insurers”). Id. at 3. All of these policies are contained in a single policy document (the “Policy”). R. Doc. 1-5. Plaintiffs maintain that each Insurer carried a portion of the total risk of the insurance policies: the domestic insurers were collectively responsible for 78% of the named windstorm coverage and the international insurers were responsible for the remaining 22%. Id. at 4. Plaintiffs allege that their property was severely damaged in Hurricane Ida. Id. at 8. They aver that they undertook reasonable mitigation efforts and provided the Insurers with notice of loss. Id. at 9. Plaintiffs allege that the Insurers prepared an estimate that “grossly underreported the value of the claim and failed to include numerous items of hurricane-related damage to the property.” Id. at 10. Specifically, Plaintiffs’ public adjuster estimated the replacement cost value of the damaged property to be $7,071,741.20 whereas the Insurers estimated the damages at

$876,887.55. Id. at 12. On August 26, 2022, Plaintiffs sent an Arbitration Demand to all eleven insurers. R. Doc. 68-1. On the same date, Plaintiffs brought suit in state court against only the nine domestic insurers, excluding the two foreign insurers. Id. at 2. Plaintiffs asserted claims for breach of contract, bad faith insurance dealing pursuant to Louisiana Revised Statutes §§ 22:1973 and 22:1892, and unfair claims handling practices pursuant to Louisiana Revised Statute § 22:1964. Id. at 15-16. The nine domestic insurers removed the suit to this Court on the basis of diversity jurisdiction. No. 23-3874, R. Doc. 1. Additionally, all eleven insurers filed a separate suit against Plaintiffs, arguing that the terms of the Policy require Plaintiffs to arbitrate their disputes with the domestic and foreign insurers alike. R. Doc. 1. The Court consolidated the two related actions. R. Doc. 5.

The Insurers then moved to compel arbitration. R. Doc. 7. They noted that the Policy contains an arbitration clause requiring all matters in dispute between the parties to be referred to an arbitration tribunal in New York. Id. The Insurers contended that the arbitration agreement was valid and enforceable under international treaty, the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (the “Convention”), which generally provides that arbitration agreements in contracts with foreign parties are enforceable. Plaintiffs opposed the motion. R. Doc. 23. They argued that the Convention only applies where a party to the agreement in question is not an American citizen. Plaintiffs maintained that they had separate contracts with each Insurer because the Policy provides that “[t]his contract shall

be construed as a separate contract between the Insured and each of the Underwriters.” Id. at 7. Accordingly, Plaintiffs conceded that the arbitration agreements were enforceable as to its contracts with the two foreign insurers, because the Convention applies. However, they contended that no foreign insurers were parties to Plaintiffs’ nine separate contracts with the domestic insurers. Thus, Plaintiffs contended that the Convention does not apply to require enforcement of

the arbitration clauses as to these nine contracts. Id. In the absence of the Convention, Plaintiffs pointed to Louisiana Revised Statute § 22:868(A), which invalidates provisions of insurance contracts issued in Louisiana which “[d]epriv[e] the courts of this state of the jurisdiction or venue of action against the insurer.” Plaintiffs contended that this statute invalidates the arbitration clauses as to its contracts with the nine domestic insurers. This Court compelled arbitration based on the doctrine of equitable estoppel. R. Doc. 41. First, as to the two foreign parties, the Court agreed that the Convention required enforcement of the arbitration agreements. As to the domestic insurers, the Court found that these parties could also be forced to arbitrate under the Convention through equitable estoppel. It observed that “[t]he United States Court of Appeals for the Fifth Circuit has held that ‘application of equitable estoppel

is warranted when [a] signatory to the contract containing an arbitration clause raises allegations of substantially interdependent and concerted misconduct by both the nonsignator[ies] and one or more of the signatories to the contract.’” Id. at 4 (citing Grigson v. Creative Artists Agency LLC, 210 F.3d 524, 527 (5th Cir. 2000)). The Court found that Plaintiffs alleged such “substantially interdependent and concerted misconduct” by all Insurers, meaning that equitable estoppel required arbitration of all Plaintiffs’ claims arising from the policy. Id. at 6. Plaintiffs moved for reconsideration twice. R. Doc. 42, 47. The Court denied each motion. R. Doc. 46, 53. However, the Court granted Plaintiffs’ motion to certify its decision for appeal. R. Doc. 53. On appeal, the Fifth Circuit affirmed on two separate bases. First, it held that Louisiana

Revised Statute § 22:868(A) does not, in fact, void arbitration clauses in contracts involving domestic parties. Indian Harbor Ins. Co. v. Belmont Commons, L.L.C., No. 23-30246, 2024 WL 962376, at *3 (5th Cir. Mar. 6, 2024). The Circuit expressly characterized this holding as an “Erie guess” made in the absence of Louisiana Supreme Court guidance on how to interpret § 22:868. Id. Second, the Fifth Circuit held that even if it was incorrect and § 22:868 does, in fact, target

arbitration clauses, this Court “correctly analyzed and applied the Grigson estoppel doctrine” to subject the domestic parties to the Convention. Id. II. PRESENT MOTION Plaintiffs now move the Court to vacate its order compelling arbitration pursuant to Federal Rule of Civil Procedure 54(b). R. Doc. 65-1 at 5. Plaintiffs argue that the recent Louisiana Supreme Court case Police Jury of Calcasieu Parish v. Indian Harbor Insurance Co. changes the law as to both bases of the Fifth Circuit’s holding in the instant case. 2024-00449, p. 16 (La. 10/25/24), 395 So. 3d 717, 729, reh’g denied, 2024-00449 (La. 12/12/24). Accordingly, Plaintiffs argue that this intervening change in the law warrants vacatur of this Court’s prior order compelling arbitration. Id. The Insurers do not dispute that Police Jury abrogates the first basis of the Fifth Circuit’s

decision in this case regarding La. R.S. § 22:868. R. Doc. 68. However, they contend that the Fifth Circuit’s second basis, equitable estoppel, remains good law. Id. at 6.

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