In re the Arbitration between American Mutual Liability Insurance & Aguila

OPINION OF THE COURT

Stanley Harwood, J.

Motion for an order pursuant to CPLR 7511 to vacate the modification of award of the arbitration dated May 26, 1982, and the award of the master arbitrator dated September 22, 1982 is denied. Those awards are hereby confirmed pursuant to CPLR 7511 (subd [e]).

Subdivision 1 of section 675 of the Insurance Law provides that first-party benefits under the No-Fault Insurance Law “are overdue if not paid within thirty days after the claimant supplies proof of the fact and amount of loss sustained.” The statute also provides that overdue payments shall bear 2%…