Car Dealership, Reinsurer Seek Interest On Balance Of $462,971 Arbitration Award

Mealey's (October 29, 2019, 3:59 PM EDT) -- ATLANTA — A car dealership and reinsurer argue in an Oct. 7 reply brief that the Georgia Court of Appeals should find a vehicle service contracts administrator liable for interest at the rate of 8 percent per annum on the balance of an arbitration award while the contracts administrator argues on the same day that the court should vacate the $462,781 arbitration award as there is no evidence other than the arbitrator “simply dictating new and different terms than the parties agreed upon” (Adventure Motorsports Reinsurance Ltd., et al. v. Interstate National Dealer Services Inc., No. A20A0036, Interstate National Dealer Services Inc. v. Adventure Motorsports Reinsurance Ltd., et al., No. A20A0037, Ga. App.)....