Michigan Mutual Insurance Company v. Unigard Security Insurance Company

44 F.3d 826 MICHIGAN MUTUAL INSURANCE COMPANY; American Hardware Mutual Insurance Company; Prudential LMI Commercial Insurance Company, Plaintiffs-Appellees, v. UNIGARD SECURITY INSURANCE COMPANY, Defendant-Appellant. No. 92-36804. United States Court of Appeals, Ninth Circuit. Argued and Submitted April 5, 1994. Decided Jan. 11, 1995. As Amended Feb. 8, 1995. Stephen D. Holz, Musick, Peeler & Garrett, Los Angeles, CA, for defendant-appellant. Michael R. Hassan, Lord, Bissell & Brook, Chicago, IL, for plaintiffs-appellees. Appeal from the United States District Court for the Western District of Washington. Before: TANG, BOOCHEVER, and REINHARDT, Circuit Judges. Opinion by Judge BOOCHEVER. Dissent by Judge REINHARDT. BOOCHEVER, Circuit Judge: 1 Unigard Security Insurance Company ("Unigard") appeals the district court order confirming an arbitration award entered in proceedings between it and appellees, Michigan Mutual Insurance Company, et al. ("Retrocessionaires"). Unigard claims that the part of the award setting forth conditions precedent to the Retrocessionaires' obligation to reimburse Unigard should be vacated because the arbitration panel exceeded its authority and…