8th Circuit Reinstates Arbitration Award Stemming From Federal Crop Insurance Policy

[Editor's note: Benjamin Stearns’ practice focuses on regulated industries, primarily medical marijuana and property and casualty insurance. Benjamin works with state regulators to resolve compliance matters and negotiate enforcement actions. He also lobbies the Florida Legislature and has testified before legislative committees.]

ST. LOUIS — The Eighth Circuit U.S. Court of Appeals has reversed a district court decision vacating an arbitration award relating to a federal crop insurance policy issued through a standard reinsurance agreement with the Federal Crop Insurance Corp. (FCIC).

Rain and Hail LLC issues federal crop insurance policies through a standard reinsurance agreement with the Federal …