Continental Casualty Co. v. Certain Underwriters at Lloyds of London

Words & Phrases

Arbitration

Trial Judge

Sharon Johnson Coleman

Appellate Judge

Wood

Holding

No basis to overturn arbitration panel's award in reinsurance dispute.

Fact Summary

Reinsurance

Where arbitration clause of reinsurance agreement provided that "any dispute" be submitted to a three-person panel of insurance industry experts, who were to interpret the agreement "as an honorable engagement and not as merely a legal obligation," the arbitrators had broad authority to resolve disputes in a reasonable manner rather than in accordance with a literal interpretation of the agreement.

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