2nd Circ. Axes Arbitrator Bias Ruling In Reinsurance Row
Law360 (June 7, 2018, 4:36 PM EDT) -- The Second Circuit ordered a New York federal court to take another look at whether an arbitrator’s failure to disclose ties to a Florida workers’ compensation insurance carrier tainted an award in favor of the insurer in its battle with British reinsurers, saying Thursday the lower court applied an improper standard.
In April 2017, U.S. District Judge Vernon S. Broderick nixed the arbitral award of over $1.5 million in favor of Insurance Company of the Americas in its dispute over a reinsurance contract with Lloyd’s of London underwriters, finding that arbitrator Alex Campos’ failure to disclose business relationships with high-level ICA...
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