American Indemnity & affiliates win $2.4 m arbitration award

A Bermuda-registered insurer and two co-plaintiffs have been awarded $2.4 million in arbitration concerning a general agency dispute.
American Indemnity Insurance Company Ltd., of Bermuda; Star Insurance Company, incorporated in Michigan; and Williamsburg National Insurance Company, incorporated in California, were awarded the amount against Risk Marketing Group Inc., and Cebcor Service Corporation, both incorporated in Illinois, on November 3, 2005 by a panel of arbitrators that comprised Hugh Alexander (Umpire), Keefe Brooks, and Richard Baca.