Judge Remands Insurer, Reinsurer’s Dispute For Clarification Of Award

Mealey's (September 26, 2019, 1:58 PM EDT) -- NEW YORK — A federal judge in New York on Sept. 25 denied motions for confirmation of an arbitration award filed by a reinsurer and an insurer and, instead, remanded the dispute to the arbitrators for clarification of the award (Park Avenue Life Insurance Co. v. Allianz Life Insurance Company of North America, No. 19-1089, S.D. N.Y., 2019 U.S. Dist. LEXIS 164382)....