STORY FROM: Reinsurance & Arbitration
Arbitrators Should Decide Whether Pool Must Participate in Arbitration, Federal Insurance Argues
January 31, 2017
NEW YORK — Arbitrators, not the court, should decide whether the members of a reinsurance pool must participate in an arbitration of a $3.85 million dispute involving underlying workers’ compensation losses, Federal Insurance Co. contends in a recent court brief.
In a Jan. 25 brief in support of its petition to compel arbitration, Federal clarifies that it is not arguing that the pool should be a “party” to the arbitration; rather, the pool should participate in the proceeding, “whether as a witness or documents or as hearing attendees.” The brief was filed in the U.S. District Court for the Southern ...
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