Federal Judge Confirms Arbitration Award For Underwriters In Coverage Matter

Mealey's (December 20, 2019, 11:57 AM EST) -- NEW YORK — A federal judge in New York on Dec. 16 confirmed an award by an American Arbitration Association (AAA) panel for the underwriters of an insurance policy for a yacht in a dispute over damages incurred in Panamanian waters, finding that the panel did not exceed its authority (Galilea, LLC, et al. v. AGCS Marine Insurance Company, et al., No. 19-5768, S.D. N.Y., 2019 U.S. Dist. LEXIS 217759)....