$1.8 Million Award to Lumbermens Confirmed by Illinois Federal Judge

CHICAGO - An Illinois federal judge has confirmed a $1.8 million arbitration award rendered for Lumbermens Mutual Casualty Co., ruling that R&Q Reinsurance Co.'s motion to vacate was untimely under the Federal Arbitration Act. R&Q Reinsurance Co. v. American Motorist Insurance Co., et al., No. 10-2825 (N.D. Ill.).

On Oct. 14, Senior Judge George W. Lindberg of the U.S. District Court for the Northern District of Illinois held that even if the motion was timely filed, it would have failed because the final award and subsequent interest award were well-reasoned and impartial.

The underlying arbitration award stems from a reinsurance …