$2M Medical Malpractice Reinsurance Row Sent To Arbitration

Law360, New York (April 11, 2013, 9:44 PM EDT) -- Medical malpractice insurer New Jersey Physicians United Reciprocal Exchange on Thursday lost a bid to litigate a $2.1 million breach of contract claim against an underwriter after a federal judge sent the dispute to arbitration, saying the arbitration clause in the parties’ contract is ironclad.

U.S. District Court Judge Freda L. Wolfson ruled to stay the suit filed by New Jersey Physicians United Reciprocal Exchange, also known as NJ Pure, against Ace Underwriting Agencies. Judge Wolfson ruled the contract between the companies mandates they arbitrate NJ...
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