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Shippers Lose Bid To Revive Insurance Arbitration Challenge

Law360 (December 12, 2018, 8:02 PM EST) -- A British judge said Wednesday that he would not revive a $500,000 arbitration dispute over Thomas Miller Specialty Underwriting Agency Ltd.'s refusal to indemnify two shipping companies for a sunken cargo of junk cars, rejecting a bid to appeal the case and expressing shock that the parties ran up almost $200,000 in attorneys' fees.

High Court Judge Stephen Males upheld a lower court order dismissing a joint bid by Midnight Marine Ltd. and Miller Shipping Ltd. to toss a March 2018 arbitration award, finding that the deadline to file a claim against Thomas Miller had passed. 

Although the companies had argued that they...

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