Arbitrators Properly Awarded General Security Attorney's Fees, Judge Rules

NEW YORK - An arbitration panel did not exceed its authority or act in manifest disregard of the law in ordering a reinsurer to pay attorney's fees, a New York federal judge has ruled in confirming the $239,946 award in favor of General Security National Insurance Co. In the Matter of the Arbitration Between General Security National Insurance Co. and AequiCap Program Administrators, No. 10-8682 (S.D. N.Y.).

On April 29, Judge Naomi Reice Buchwald of the U.S. District Court for the Southern District of New York found that the arbitration clause at issue was broadly worded and authorized the arbitrators …