Employers Insurance Of Wausau v. National Union Fire Insurance Company Of Pittsburgh

933 F.2d 1481 EMPLOYERS INSURANCE OF WAUSAU, a Mutual Company, Plaintiff-Counter-Defendant, Appellee, v. NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, Defendant-Counter-Claimant, Appellant. No. 89-16307. United States Court of Appeals, Ninth Circuit. Argued and Submitted April 3, 1991. Decided May 20, 1991. Michael F. Perlis, Stroock, Stroock & Lavan, Los Angeles, Cal., for defendant-counter-claimant, appellant. Timothy Regan, Zelle & Larson, Minneapolis, Minn., for plaintiff-counter-defendant, appellee. Appeal from the United States District Court for the Northern District of California. Before TANG, FARRIS and D.W. NELSON, Circuit Judges. TANG, Circuit Judge: 1 The district court affirmed a tripartite arbitration panel's decision that Employers Insurance of Wausau ("Wausau") could offset claims made by National Union Fire Insurance Company of Pittsburgh ("National") under various reinsurance agreements against money Wausau asserted National owed it under a separate reinsurance contract. The court denied National's motion for vacatur, in which National claimed that the panel's decision contradicted the contract's language, was ambiguous, and was the product of…