5th Circuit Affirms 3 Captive Insurance Arbitration Awards, Partially Reverses 4th Award

( March 20, 2025, 11:45 AM EDT) -- NEW ORLEANS — A Fifth Circuit U.S. Court of Appeals panel affirmed three arbitration awards to Louisiana reconstructive surgeons totaling more than $7.6 million but partially reversed a fourth award of nearly $88.7 million after finding a company’s executive who was held jointly and severally liable for that award was a nonsignatory to the arbitration agreement and could not be bound by it under the doctrine of direct-benefits estoppel in a dispute involving a captive insurance agreement....