STORY FROM: Reinsurance & Arbitration
Administrator Appeals Confirmation of Arbitration Award in Reinsurer's Favor
September 23, 2019
ATLANTA — An administrator of vehicle service contracts has appealed a Georgia court’s confirmation of a $462,971 arbitration award in favor of a dealership and its captive insurer, arguing that the arbitrator “exceeded his powers by administering his own brand of justice.”
In an Aug. 20 motion, Interstate National Dealer Services Inc. argued that the arbitrator disregarded the terms of the parties’ contract and issued findings on subjects that were not in dispute.
Southern Mountain Adventures LLC (“the Dealer”) owns three motorsports vehicle dealerships in Georgia and Tennessee, all controlled by the same principal, Ryan Hardwick.
In July 2006, ...