Court Refuses to Reconsider Vacatur of Attorney Fee Award

CHICAGO - An Illinois appellate court on April 15 refused to reconsider its decision to vacate a portion of an arbitration award granting attorneys' fees to Amerisure Mutual Insurance Co. Amerisure Mutual Insurance Co., et al. v. Global Reinsurance Corporation of America, No. 08-42242 (Ill. App., 1st Div.).

In a March 15 ruling, the Illinois Court of Appeals, 1st Division, ruled that the award of attorneys' fees violated the Illinois Insurance Code.

In 2001, Amerisure Mutual Insurance Co. and Global Reinsurance Company of America entered into an umbrella quota share reinsurance agreement, under which Global agreed to reinsure a number …