Parties in $3.85 Million Reinsurance Dispute Tell Judge They Await Arbitrators’ Decision

NEW YORK — An arbitration hearing in a $3.85 million reinsurance dispute involving underlying workers’ compensation losses has been completed and the parties are awaiting a decision, according to the parties’ joint status report.

The Nov. 2 report, filed jointly by National Union Fire Insurance Company of Pittsburgh and Federal Insurance Co. in the U.S. District Court for the Southern District of New York, says the hearing was completed on Aug. 17.

The parties issued the report pursuant to Judge Valerie Caproni’s request for a status update. In response, the judge directed the parties to update the court by …