ORDER ON MOTION FOR SUMMARY JUDGMENT ON THE COLLATERAL ESTOPPEL EFFECT OF McCRO-RY’S ALTERNATIVE DISPUTE RESOLUTION
I. INTRODUCTION
THIS CAUSE came on for consideration upon Motion for Summary Judgment by Defendant Plaisted London Market. This Court has considered all arguments and evidence, including the entire record for this case, consistent with a ruling on a motion for summary judgment. See Anderson v. Liberty Lobby, Inc., 477 U.S. 242, 252, 106 S.Ct. 2505, 2512, 91 L.Ed.2d 202 (1986) (holding the standard of proof in summary judgment rulings is the same as it would be at trial); Celotex v. Catrett, 477 U.S. 317, 323-35, 106 S.Ct. 2548, 2552-59, 91 L.Ed.2d 265 (1986) (discussing the appropriate burdens of proof and types of evidence to use in summary judgment decisions); Matsushita Elec. Indus. Co. v. Zenith Radio Corp., 475 U.S. 574, 585-88, 106 S.Ct. 1348, 1355-57, 89 L.Ed.2d 538 (1986) (detailing the elements of summary judgment analysis). Finding no genuine issues of material fact remain, this Court grants Defendant’s Motion and states the following as grounds for this ruling.
II. THE WELLINGTON AGREEMENT AND THE ARBITRATION DECISION
A.The Wellington Agreement
The Wellington Agreement (Wellington), represents efforts by parties involved in complex asbestos-related litigation to simplify the resolution of bodily injury claims. Agreement Concerning Asbestos-Related Claims (a.k.a. Wellington Agreement) at p. 1 (June 19, 1985); see also North River Insurance Co. v. CIGNA Reinsurance Co., 52 F.3d 1194, 1200-01 (3rd Cir.1995) (detailing the history and purpose of the Wellington Agreement). Debtor/Plaintiff, The Celotex Corporation, and Defendant, Plaisted London Market, are signatories of Wellington. The parties’ original dispute arose concerning coverage of Philip Carey Manufacturing Company and P.C. Company, as predecessors to Debtor, under certain policies issued by the Defendant covering McCrory Corporation. The parties entered arbitration of their original dispute under the terms of Wellington.
B.The Arbitration Decision
The arbitrator, the Honorable Domenick L. Gabrielli, entered a decision on October 24, 1990 in favor of Defendant. Judge Ga-brielli’s opinion sets out the parties’ arguments in detail, concluding the Debtor’s insurance coverage claims under the four policies are denied. Celotex Corporation and Carey Canada, Inc. v. London Insurers, slip op. at 19 (N.Y. Oct. 24, 1990) (Ga-brielli, Arb.)1 The opinion gives detailed reasoning leading to the conclusion the Debtor was never intended as a named insured under the four policies at issue. Id. at 4, 7-9, 13, 15-16, 18-19.
C.Arbitration and Alternative Dispute Resolution
Alternative Dispute Resolution (ADR) has gained a foothold in the Federal dispute *605resolution system.2 Enactment of 9 U.S.C. sections 1-14, the Federal Arbitration Act, represents the United States Congress’ recognition of the need to acknowledge and administer arbitral awards.3 The Restatement of Judgments, Second sections 83-84 address the effect and limitations of arbitral awards.4 Arbitration under Wellington is subject to elaborate rules and regulations established by all the signatories to the agreement, and all parties are represented by counsel. See Agreement, app. C. Binding arbitration under Wellington culminates in a written opinion and judgment by the arbitral trial judge. Id., at app. C, para. 10.B; Celotex, slip op., at pp. 1, 19 (Gabriel-11, Arb.).
The Federal Arbitration Act provides a party may, upon agreement of the parties involved, have a federal court confirm an arbitration award. See 9 U.S.C. section 9. Analysis of the effect of confirming an arbitration award is distinct from an issue preclusion analysis. The scope of confirming an award under 9 U.S.C. section 9 is much narrower.
Confirmation of an arbitration award does not examine the underlying arbitration process, but is available simply upon the appropriate request of a party where the parties agreed to allow a judgment based on the award. See id.; cf. Jih v. Long & Foster Real Estate, Inc., 800 F.Supp. 312, 316-17 *606(D.Md.) (1992) (discussing the narrow review when vacating or denying confirmation of an arbitration award under the Federal Arbitration Act). The limited judicial review of the substance of the arbitration award means confirmation of the award should be strictly limited to the scope given the original arbitration process. In this case the scope of the arbitration was set by Wellington which concerns bodily injury claims, therefore, confirming the award would apply only to the named insured issue in bodily injury claims, not property damage claims. This Court finds an issue preclusion analysis is not similarly limited.
Issue preclusion analysis allows the Court to review the the substance, the reasoning, and the record in the arbitral decision. Cf. Scarfone v. Arabian American Oil Co. (In re Scarfone), 132 B.R. 470, 473-474 (Bankr.M.D.Fla.1991) (holding court may consider all evidence admitted in the prior proceeding as well as evidence appropriate on summary judgment when deciding issue preclusive effect of prior adjudication). Once the review is complete, there may be preclusive ramifications beyond the bodily injury coverage arbitrated under Wellington. See Greenblatt v. Drexel Burnham Lambert, Inc., 763 F.2d 1352, 1360 (11th Cir.1985) (looking beyond the arbitration decision to the process afforded the parties). In this circumstance, issue preclusion effect may be broader than the effect of confirmation under 9 U.S.C. section 9.
III. ISSUE PRECLUSION AND ARBITRATION AWARDS
A. General Case Law
The United States Supreme Court, as recently as 1984, took a limited view toward giving preclusive effect to an arbitration decision. See McDonald v. City of West Branch, Michigan, 466 U.S. 284, 289-92, 104 S.Ct. 1799, 1802-04, 80 L.Ed.2d 302 (1984). In discussing the Court’s approach to limiting the issue or claim preclusion effect of arbitral awards in certain eases, the McDonald Court makes clear “that Congress intended the statutes at issue in those cases to be judicially enforceable and that arbitration could not provide an adequate substitute for judicial proceedings in adjudicating claims under those statutes.” Id. at 289, 104 S.Ct. at 1802. The claims discussed by the McDonald Court include a Title VII civil rights claim, id. at 288-89, 104 S.Ct. at 1801-03 (discussing Alexander v. Gardner-Denver Co., 415 U.S. 36, 94 S.Ct. 1011, 39 L.Ed.2d 147 (1974)), and a minimum wage claim, id. at 289,104 S.Ct. at 1802-03 (discussing Barrentine v. Arkansas-Best Freight System, Inc., 450 U.S. 728, 101 S.Ct. 1437, 67 L.Ed.2d 641 (1981)). The McDonald case involved a claim for wrongful discharge under 42 U.S.C. section 1983. Id. at 286, 290, 104 S.Ct. at 1800-01,1803.
The following year, the United States Supreme Court addressed the enforceability of agreements to arbitrate in Dean Witter Reynolds, Inc. v. Byrd, 470 U.S. 213, 218,105 S.Ct. 1238, 1241, 84 L.Ed.2d 158 (1985). In the Byrd case, the Court held “agreements to arbitrate must be enforced,' absent a ground for revocation of the contractual agreement.” Id. at 218, 105 S.Ct. at 1241 (interpreting the Federal Arbitration Act, 9 U.S.C. section 2 to require a Federal District Court to compel arbitration where the parties signed an agreement to arbitrate). The Byrd Court did not reach the question of the preclusive effect of the arbitral award, but the Court did state:
We believe that the preclusive effect of arbitration proceedings is significantly less well settled than the lower court opinions might suggest....
Significantly, McDonald [sic] also establishes that courts may directly and effectively protect federal interests by determining the preclusive effect to be given to an arbitration proceeding.
Suffice it to say that in framing preclusion rules in this contesct, courts shall take into account the federal interests warranting protection.
Id. at 222-223,105 S.Ct. at 1243-44.5
This Court finds the instant case presents no special federal interest to protect. Unlike *607the eases discussed in McDonald,6 the facts of this case do not involve giving preclusive effect to an arbitration award in a later ease involving a claim of significant federal interest. As signatories of Wellington, the parties agreed to put certain issues before an arbitrating judge. The resulting arbitration decision finds the Debtor is not a named insured on four insurance policies.
The Debtor fails to establish any new or significantly different evidence which could be offered to this Court on the named insured issue. The inapplicability, if any, of the Wellington arbitral process to property damage claims does not alter this issue. There is no purpose served by relitigating whether the Debtor is a named insured under the policy.
B. United States Court of Appeals for the Eleventh Circuit
1. Arbitral Awards
The United States Court of Appeals for the Eleventh Circuit recently considered arbitral awards in Lifecare International, Inc. v. CD Medical, 68 F.3d 429 (11th Cir.1995). The Lifecare decision reiterates a very high standard for Federal Courts when vacating an arbitral award — a nonstatutory arbitral decision should be vacated only if the decision is arbitrary and capricious. Id. at 435. The arbitrary and capricious standard requires there be no grounds whatsoever for the arbitration decision. Id. Further, the arbitration award is presumed correct and an error of law or interpretation is not sufficient' to justify overturning the award. Id. (citing Sullivan, Long & Hagerty, Inc. v. Local 559, 980 F.2d 1424, 1427 (11th Cir.1993)). The standards adopted by the Eleventh Circuit evidence a very high regard for arbitral awards. This Court finds the arbitral decision in the instant case similarly deserving of confidence. See Celotex, slip op. at 1-19 (Gabrielli, Arb.).
2. Issue Preclusion and Arbitral Awards
In Greenblatt v. Drexel Burnham Lambert, Inc., 763 F.2d 1352 (11th Cir.1985), the Eleventh Circuit applied issue preclusion doctrine to an arbitral award, stating:
When an arbitration proceeding affords basic elements of adjudicatory procedure, such as an opportunity for presentation of evidence, the determination of issues in an arbitration proceeding should generally be treated as conclusive in subsequent proceedings, just as determinations of a court would be treated.
Id. at 1360.
The Greenblatt Court distinguished its facts from those discussed by the United States *608Supreme Court in Byrd and McDonald. The Greenblatt Court concluded, based on the arbitration panel’s determination, the plaintiff could not establish the predicate acts necessary for a Racketeer Influenced and Corrupt Organizations (RICO) claim, thus summary judgment was appropriate. Id. at 1361. The Court stated: “the nature of the RICO claim asserted and the procedural adequacy of the arbitration proceeding persuades us that the factual findings necessary to support the arbitration award should be given collateral estoppel effect in the present judicial proceeding.” Id.7 The Greenblatt court interprets the McDonald and Byrd cases to
“indicate a case-by-case approach to determining the [issue preclusive] effects of arbitration on federal claims, focusing on the federal interests in insuring a federal court determination of the federal claim, the expertise of the arbitrator and his scope of authority under the arbitration agreement, and the procedural adequacy of the arbitration proceeding.”
Id.
In accordance with the Eleventh Circuit’s criteria, this Court finds it appropriate to apply the doctrine of issue preclusion to the arbitral decision in the instant case. No federal claim is implicated here, only a determination of the parties rights under a contract of insurance. Therefore, it is appropriate to analyze the arbitral decision under the traditional doctrine of issue preclusion.
C. The Restatement of Judgments, Second
The Restatement of Judgments, Second sections 83-84 discuss the effect and limitations of arbitral awards.8 The Debtor argues the Restatement supports relitigation of the named insured issue. Section 84(4) states as follows:
(4) If the terms of an agreement to arbitrate limit the binding effect of the award in another adjudication or arbitration proceeding, the extent to which the award has conclusive effect is determined in accordance with that limitation.
Restatement (Second) of Judgments section 84(4) (1982).
The Eleventh Circuit’s reasoning in Greenblatt, 763 F.2d at 1361-62, supports precluding relitigation of the named insured issue in this case.
The Greenblatt case involved an arbitration panel decision of a claim by a stock broker against a client. Id. at 1355. No special findings of fact were made by the arbitration panel. Id. at 1361. The Green-blatt court inferred findings of fact consistent with the panel’s ultimate determination, reasoning the panel could not have determined as it did if certain facts were not present. Id. Once these facts were inferred, the Greenblatt court considered them binding when determining whether the client, plaintiff in the Greenblatt case, could prove the predicate acts required under a RICO claim. Id. at 1362. The preclusive effect was given despite the fact the RICO claim was never before the arbitration panel.9
*609The Greenblatt court reasoned so long as the same issues were “directly within the scope of the contractual arbitration clause and the arbitrators’ expertise,” id. at 1361, issue preclusive effect could be given to the panel’s decision.10 In this case, Judge Ga-brielli determined the same single issue the Debtor wishes to raise before this Court— whether the Debtor was a named insured under the policy in question.
This Court finds the named insured issue is central to coverage under the policy, under Wellington and in this adversary proceeding. Once the named insured issue was determined, it need not be revisited. See id. at 1361-62. The parties established an elaborate adjudicatory system in the Wellington Agreement. It would be ludicrous to hold that the arbitration system allowed insureds and insurers to adjudicate claims, but not whether there was insurance coverage. Any conflict between this reasoning and the Restatement must be resolved in favor of following Eleventh Circuit precedent. Therefore, the Court rejects the Debtor’s characterization of Section 84 and the Restatement in general that preclusive effect should not be accorded to a determination of the named insured issue under the policy.
IV. ISSUE PRECLUSION ANALYSIS OF THE WELLINGTON MeCRORY’S ARBITRATION DECISION
The United States Supreme Court and the United States Court of Appeals for the Eleventh Circuit precedent, as well as the Restatement, acknowledge arbitral awards may have preclusive effect. Thus, the remaining analysis examines whether the Wellington arbitration award meets the standards of federal issue preclusion doctrine. The doctrine requires courts to recognize prior adjudication of specific issues by other courts. See Chang v. Daniels (In re Daniels), 91 B.R. 981, 982 (Bankr.M.D.Fla.1988). “Under collateral estoppel, once a court has decided an issue of fact or law necessary to its judgment, that decision may preclude re-litigation of the issue in a suit on a different cause of action involving a party to the first case.” Allen v. McCurry, 449 U.S. 90, 94, 101 S.Ct. 411, 414, 66 L.Ed.2d 308 (1980); see also McDonald, 466 U.S. at 287 at n. 5, 104 S.Ct. at 1801 at n. 5 (quoting the same passage from the Allen opinion). Federal law requires the following four elements to invoke issue preclusion:
(1) the issue at stake must be identical to the one decided in the prior action;
(2) the issue must have been actually litigated in the prior proceeding;
(3) the prior determination of the issue must have been a critical and necessary part of the earlier decision; and
(4) the standard of proof in the current action must not be significantly more stringent than the standard in the prior action.
Bush v. Balfour Beatty Bahamas (In re Bush), 62 F.3d 1319, 1322 (11th Cir.1995). See Marrese v. American Academy of Orthopaedic Surgeons, 470 U.S. 373, 379-386, 105 S.Ct. 1327, 1331-35, 84 L.Ed.2d 274 (1985);11 *610Allen v. McCurry, 449 U.S. 90, 94-96, 101 S.Ct. 411, 414-15, 66 L.Ed.2d 308 (1980) (discussing collateral estoppel in general).
The first prong under the doctrine requires an analysis as to issue identity. The issue Defendants seek to not to relitigate is whether the Debtor is a named insured on four insurance policies issued from April 1, 1967 to April 1, 1970. Celotex, slip op. at 2 (Gabrielli, Arb.). This issue was expressly decided by Judge Gabrielli, id. at 18-19, and is raised directly by Defendants Motion for Summary Judgment. While the coverage submitted to arbitration under Wellington concerned bodily injury claims, the named insured issue reaches beyond merely determining bodily injury coverage. If the Defendant successfully established no coverage is available to Debtor under the policies, no coverage exists for bodily injury or property damage claims. Thus, the issues are identical as to coverage.
The second prong of issue preclusion doctrine requires the issue to be actually litigated in the previous determination. The issue was fully litigated before Judge Gabrielli, as is evidenced by his detailed written opinion. The parties had a full opportunity to present evidence and to be heard on all arguments relevant to whether the Debtor is entitled to coverage under the four policies. Thus, the issue was actually litigated.
The third prong required by issue preclusion doctrine is the earlier determined issue must be a critical and necessary part of the earlier judgment. In this case, the named insured issue is central to whether or not coverage existed for Philip Carey, and subsequently the Debtor, under these policies. Few issues could be more critical or necessary to deciding insurance coverage than whether an entity is even a named insured on the policies. Thus, the issue was critical and necessary to the earlier judgment.
Finally, under the fourth prong, the standard of proof required in the prior action must not be significantly lower than the standard in the current action. See Bush, 62 F.3d at 1322. The standard of proof for civil litigation between private litigants in the Federal court system is generally by a preponderance of the evidence. See Grogan v. Garner, 498 U.S. 279, 286, 111 S.Ct. 654, 659, 112 L.Ed.2d 755 (1991). Neither party raised any issues concerning the standard of proof in the arbitration, and Judge Gabrielli’s decision does not set out a specific standard.12 This Court concludes, based on Judge Gabrielli’s written report and the argument of the parties, no significant difference arises in the standard of proof for the case at hand and the standard used in arbitration.
Y. CONCLUSION
This Court finds it appropriate to afford preclusive effect to Judge Gabrielli’s finding the Debtor is not a named insured. Therefore, the Debtor is barred from relitigating the named insured issue as to both bodily injury and property damage coverage. Accordingly, it is
ORDERED, ADJUDGED AND DECREED the Court grants the Defendant’s Motion for Summary Judgment and finds the arbitration decision at Celotex, slip op. at 1-19 (Gabrielli, Arb.) binding on the parties on the issue of whether the Debtor is a named insured on the four policies in question.
DONE AND ORDERED.