7th Circuit Panel Affirms $29.3M Insurance, Reinsurance Arbitration Award
CHICAGO - An Seventh Circuit U.S. Court of Appeals panel on Aug. 7 affirmed a lower court confirmation of an arbitration award in a dispute between a pair of insurers regarding certain insurance and reinsurance business purchases and held that the arbitration need not begin anew after an arbitrator was replaced even though there was no replacement provision in the arbitration clauses in the purchase agreements (Wellpoint, Inc., et al., v. John Hancock Life Insurance Company, No. 08-2283, 7th Cir.). Full story on lexis.comFiled by admin at August 31st, 2009 under News