With more than 1,500 pending lawsuits between policyholders and insurers regarding pandemic business interruption, Partner Peter Halprin along with JAMS mediators Andrew Nadolna, and Rebekah Ratliff, authored an article in New York Law Journal discussing why mediation should be considered in these cases.
Given the ongoing uncertainty, costs, and corollary issues around litigation, the authors note that virtual mediation can serve multiple functions, including finding out whether an immediate settlement is possible and, if not, may narrow the issues in dispute laying the groundwork for an eventual settlement. In addition, mediation could lead to a more thoughtful and nuanced approach to resolving these disputes and end in some level of satisfaction for both sides.
Read the full article here to learn more about the value of mediation in pandemic business interruption insurance cases.
For background on the issues in dispute in the pandemic business interruption cases read here.