Nationwide Says There Is No Reason To Vacate Reinsurance Arbitration Award

Mealey's (August 29, 2016, 9:53 AM EDT) -- NEW YORK — Nationwide Insurance Co., a party to a reinsurance agreement, told a federal court in New York on Aug. 25 that an arbitration panel umpire was not biased and there is no basis for vacating an arbitration award (Yosemite Insurance Company v. Nationwide Insurance Company, No. 16-cv-05290, S.D. N.Y.).

(Brief in opposition to petition and in support of cross-petition available. Document #12-160902-012B.)

Yosemite Insurance Co. sued Nationwide in the New York County Supreme Court on June 6, petitioning to vacate an arbitration award. Nationwide...
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