ICA Opposes IPA Acquisition’s Motion to Intervene in Arbitration Enforcement Action

NEW YORK — Insurance Company of the Americas has opposed IPA Acquisitions Inc.’s motion to intervene in an action in which ICA seeks enforcement of a $3.8 million arbitration award, arguing that IPA does not have the requisite interest in the action.

In its Aug. 18 opposition filed in the U.S. District Court for the Southern District of New York, ICA further argues that IPA’s motion is untimely, and that IPA “offers no legitimate explanation for its many-month delay in seeking intervention.”

ICA writes workers’ compensation insurance for professional employment organizations. ICA purchased three layers of excess reinsurance coverage from …