Insurance — reinsurance, arbitration

Posted September 10, 2021 10:56 AM

Where arbitration agreement instructed arbitrators to interpret agreement as an “honorable engagement,” arbitration panel had broad discretion to fashion remedies in accordance with that agreement.The 7th U.S. Circuit Court of Appeals affirmed a decision by Judge Sharon Johnson Coleman, Northern District of Illinois.Continental Casualty and Continental Insurance are related primary insurance companies. The companies cover risks such as mass tort and pollution liability, and do so by purchasing reinsurance, which is …

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