7th Circ. Affirms Arbitration Award In Insurers' Spat

Law360, New York (August 12, 2009, 11:14 AM EDT) -- A federal appeals court has overruled John Hancock Life Insurance Co.'s argument that a panel of arbitrators was constituted improperly in a dispute over payments related to WellPoint Inc.'s purchase of some of Hancock's group business operations, affirming a $26.4 million arbitration award for Hancock.

In a ruling issued Friday the U.S. Court of Appeals for the Seventh Circuit found that even though a substitution was made to the arbitration panel partway through the proceedings, that replacement was consistent with the parties' agreement, and the panel...
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