In the Matter of the Arbitration Between Daryl B. Smith, Appellant, and Firemen’s Insurance Company, Respondent. in…

Summary

The New York Court of Appeals held that a master arbitrator may vacate an award only when the award is incorrect as a matter of law, not for factual or procedural errors. Accordingly, the Court affirmed the Appellate Division’s order in the Smith case, but reversed its order in the Mott case and remanded for further proceedings consistent with that limitation.