Highmark Can't Shake $3.5M Judgment In Fee Dispute

Law360, New York (December 13, 2013, 7:06 PM EST) -- A Pennsylvania state judge denied Highmark Life Insurance Co.'s bid to vacate a $3.6 million arbitration award in favor of Elite Underwriting Services LLC, saying that the exclusion of testimony by the parties' reinsurance broker did not warrant a vacatur.

Highmark filed a petition to vacate the award, arguing that the arbitrator made an erroneous legal ruling that resulted in the exclusion of reinsurance broker Denis Arizin's testimony, which the company claimed was crucial evidence to prove that its contract with Elite was the result of...
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