STORY FROM: Reinsurance & Arbitration
Insurer Appealing Judge’s Refusal to Appoint New Arbitration Panel in Reinsurance Dispute
November 6, 2019
NEW YORK — An insurer is appealing a ruling that an arbitration panel which issued a 2017 final award in a reinsurance billing dispute has jurisdiction to hear a new dispute over a subsequent billing because it arose from the “protocols” established by the final award.
According to an Oct. 31 notice, Chicago Insurance Co. has asked the 2nd Circuit U.S. Court of Appeals to review the judge’s ruling that the original arbitration panel is best suited to resolve the dispute over the new reinsurance billing.
In an Oct. 21 ruling, Judge J. Paul Oetken of the U.S. District ...
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