Reinsurers Appeal Arbitration Panel Appointment

Law360, New York (August 27, 2009, 3:42 PM EDT) -- Chafing at the reinstatement of an arbitration panel, reinsurers Century Indemnity Co. and R&Q Reinsurance Co. are taking their dispute with Public Service Mutual Insurance Co. over coverage of a multimillion-dollar environmental claim to the U.S. Court of Appeals for the Second Circuit.

The reinsurers filed notice of their appeal Aug. 25 in the U.S. District Court for the Southern District of New York, taking issue with the court’s July decision that forced them to resume arbitration proceedings before a panel that initially granted summary judgment...
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