7th Circuit Upholds Arbitral Orders For Reinsurer Under Honorable Engagement

Mealey's (August 25, 2021, 11:54 AM EDT) -- CHICAGO — Arbitrators did not exceed their authority under the Federal Arbitration Act (FAA) in issuing an interim order that “clarified how its primary award applied to certain future billings” or in denying reconsideration of that order, the Seventh Circuit U.S. Court of Appeals ruled Aug. 23, rejecting an attempt to overturn the decision by a federal judge in Illinois in favor of a reinsurer....