STORY FROM: Reinsurance & Arbitration
Applied Underwriters Appealing Maine Reinsurance Arbitration Ruling to 1st Cir.
September 28, 2016
BOSTON — Applied Underwriters Inc. (AUCRA) is appealing a Maine federal judge’s ruling that an arbitrator, rather than the court, should decide whether a reinsurance dispute is arbitrable because the parties “clearly and unmistakably” contractually agreed that such issues should be arbitrated.
AUCRA filed the appeal on Sept. 20 in the 1st Circuit U.S. Court of Appeals.
Defendants Applied Underwriters Inc., Applied Risk Services Inc., and Applied Underwriters Captive Risk Assurance Company Inc. (AUCRA) sold a comprehensive workers’ compensation insurance/reinsurance package known as “SolutionOne.” Mountain Valley Property Inc., a property management company, signed the SolutionOne contracts through the period beginning ...
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