Dispute between automobile insurance company

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Reference no: EM132090047

There was a dispute between an automobile insurance company and its insured concerning the value in the loss of a truck. The insurance policy required arbitration of disputes. Each party selected an arbitrator; then these two, when unable to agree, selected a third party as umpire. The umpire, without consulting anyone or receiving any testimony, fixed the value of the loss. If challenged, will a court set aside this award? Why or why not?

Reference no: EM132090047

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