Dispute Over Prejudgment Interest Due Reinsurer Must Be Arbitrated, Mich. Federal Judge Rules

DETROIT — A Michigan federal judge has refused to amend a judgment confirming two arbitration awards in order to adjust the amount of prejudgment interest due a reinsurer, ruling that because the parties cannot agree on the sum, they must submit the issue to arbitration.

On Jan. 27, Judge Victoria A. Roberts of the U.S. District Court for the Eastern District of Michigan also refused to stay the arbitration, ruling that the reinsurer failed to show that it will likely succeed on the merits.

National Union Fire Insurance Company of Pittsburgh issued a three-year Underlying Per Occurrence Excess of Loss …