Federal Judge Confirms $25M Arbitration Award Against Insurer In Environmental Suit

Mealey's (May 20, 2020, 1:15 PM EDT) -- NEW YORK — A New York federal judge on May 18 confirmed a $25 million arbitration award entered against an excess liability insurer and said that prejudgment interest is warranted in the environmental contamination XE "environmental contamination"  coverage dispute because the arbitration tribunal did not misapply the law in interpreting the policy terms at issue (ExxonMobil Oil Corp. v. TIG Insurance Co., No. 16-9527, S.D. N.Y., 2020 U.S. Dist. LEXIS 87407)....