Blogs

No Thanksgiving Vacation for This Arbitration Award

www.insurereinsure.com
November 18, 2016

A New York Federal Court recently rejected a cedant’s request to vacate an arbitration award on the grounds that it was in manifest disregard of the law or because the umpire failed to disclose his prior representation of the reinsurer. The court determined that the cedant failed to clear the “high hurdle” necessary to show that the arbitration panel’s award was erroneous. See,Yosemite Ins. Co. v. Nationwide Mutual Ins. Co., Doc. # 1:16-cv-05290, U.S. Dist. Ct. S.D. New York (Nov. 10, 2016).

To read the complete Quick Study, click here.

RELATED NEWS & EVENTS