Three stockbrokers for Brill Securities in New York have won an appeal, freeing them from being forced to arbitrate a suit over overtime pay.

A Tampa, Fla.-based insurance nonprofit says it “enhances” customer service and saves more than $700 million in litigation costs annually for the property-casualty insurance industry by resolving insurance claims disputes through arbitration.

The Financial Industry Regulatory Authority (FINRA) wants to allow all investors filing arbitration claims the option of having an all-public panel, a move it says will greatly increase investor choice use of the FINRA arbitration program.

Erie Insurance has ended its bid to overturn a $1.2 million arbitration award that is believed to be the basis for corruption charges against former Luzerne County Judge Michael Toole.

Erie Insurance says a former Luzerne County judge, who pleaded guilty to a fraud charge last month, “hopelessly corrupted” an arbitration case that led to the insurer paying a $1.2 million award.

California Insurance Commissioner Steve Poizner says American International Group owes reinsurance of more than $527 million to liquidated workers’ compensation insurers following a court ruling.

A new arbitration program designed to resolve inter-insurer disputes regarding construction defect claims recently held its first hearing.

Since his ouster as CEO of American International Group in 2005 amid money mismanagement claims, Maurice “Hank” Greenberg and his former employer have been at odds, often clashing in court.

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