High Court Won't Review Lloyd's $6M Coverage Loss

Law360, New York (December 13, 2010, 1:30 PM EST) -- The U.S. Supreme Court on Monday turned down a challenge by Lloyd’s of London underwriters to a $6.4 million arbitration award that a federal appeals court reinstated for a Nevada cardiologist who sued Lloyd’s for failing to honor his disability policy.

The high court denied certiorari for Lloyd’s, leaving intact the U.S. Court of Appeals for the Ninth Circuit’s ruling that narrowed the scope of review in cases over arbitration awards, reaffirming a panel’s decision to give Dr. Dr. Zev Lagstein several million dollars in punitive...
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