In re the Arbitration between Rivera & Motor Vehicle Accident Indemnification Corp.

Motor Vehicle Accident Indemnification Corporation (MVAIC) moved for a stay of arbitration in a situation which is becoming- increasingly common. The facts are: Claimant, while driving his wife’s automobile, was injured when there was a collision between that vehicle and a car owned by one Carter. It appears that on the day of the accident Carter had loaned his car to one Pereira. Pereira reported to Carter that the car had been stolen prior to the accident. This was reported to Carter’s insurer, American Insurance Company (American) and it promptly notified Carter’s broker by letter that…