ExxonMobil Moves To Confirm $25M Arbitration Award Against Insurer

Mealey's (December 3, 2019, 9:31 AM EST) -- NEW YORK — An insured on Nov. 21 filed a motion to confirm a $25 million arbitration award entered against an excess liability insurer and to award more than $6 million in prejudgment interest in an environmental contamination coverage dispute, arguing that confirmation of the award is warranted because the excess insurer forfeited any right to contest the award (ExxonMobil Oil Corp. v. TIG Insurance Co., No. 16-9527, S.D. N.Y.)....