Arbitration Over EquityComp Disputes Not Always Going Carrier's Way

Employers who signed up for the EquityComp program and ended up litigating a dispute are in some cases benefitting more from mandatory arbitration clauses than Applied Underwriters, the program’s administrator. Last week, a federal judge in Santa Ana refused to vacate an arbitration award declaring a document vital to the EquityComp program unenforceable. Two days later, the decision was cited in opposition to another motion by Applied Underwriters Captive Risk Assurance Co. Inc. to vacate an adverse arbitration award in a separate case before the federal court in Los Angeles. The ...