CERTAIN UNDERWRITERS v. ASHLAND, INC.

No. 07-CV-1004.

967 A.2d 166 (2009)

CERTAIN UNDERWRITERS AT LLOYD'S LONDON, and Certain London Market Insurance Companies, Appellants, v. ASHLAND, INC., Appellee.

District of Columbia Court of Appeals.

Decided March 12, 2009.


Attorney(s) appearing for the Case

P. Andrew Torrez, with whom Martin S. Himeles, Jr., Robert M. Flannery, and Robert W. Hesselbacher, Jr., were on the brief, for appellants.

John M. Sylvester, with whom Jeffrey A. Vitek, David T. Case, and Brendon P. Fowler, Washington, were on the brief, for appellee.

Before WASHINGTON, Chief Judge, FISHER, Associate Judge, and KING, Senior Judge.


KING, Senior Judge:

Appellants, Certain Underwriters at Lloyd's, London and Certain London Market Insurance Companies (collectively, the "London Insurers"), appeal a trial court decision affirming an arbitrator's award in favor of appellee, Ashland, Inc. ("Ashland"). The arbitrator ruled that § 7(g) of a Coverage-in-Place Agreement ("CIP Agreement") between the parties placed a $10 million cap on payments owed by the London Insurers to Ashland in any given

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