Silverman v. Fireman's Fund American Insurance

OPINION

By the Court,

Thompson, J.:

We must decide whether the Uniform Arbitration Act, NRS 38.015 through 38.205, includes an agreement providing for valuations and appraisals.

A fire, explosion and catastrophe insurance policy was issued by Fireman’s Fund to David Silverman for his restaurant in Las Vegas. That restaurant was bombed and totally destroyed. As provided by the policy, Silverman and Fireman’s Fund agreed to an appraisal proceeding to determine the amount of business interruption loss sustained. Each party designated an appraiser who then nominated an umpire. An appraisal award was…