1st Circuit Upholds Ruling Denying Arbitration Of Reinsurance Agreement
Mealey's (July 14, 2017, 1:07 PM EDT) -- BOSTON — An arbitrator did not disregard the law when deciding that arbitration is banned for a breach of contract dispute under a reinsurance participation agreement regardless of the parties’ intent to arbitrate, the First Circuit U.S. Court of Appeals held July 13, affirming the denial of a motion to vacate the arbitrator’s decision (Mountain Valley Property Inc. v. Applied Risk Services Inc., et al., No. 16-2189, 1st Cir., 2017 U.S. App. LEXIS 12575).
(Opinion available. Document #12-170721-017Z.)
Mountain Valley Property Inc. (MVP) purchased from Applied...