May 19, 2020, Lawline Webinar: “Arbitrating Insurance Coverage Disputes: A Better Alternative to Litigation?”
With insurance disputes between commercial policyholders and insurance companies becoming increasingly complex and expensive, parties are looking for ways to resolve these disputes more efficiently. Arbitration has become a viable alternative to litigating coverage disputes – but is it more efficient? And are commercial policyholders embracing arbitration?
Recently, ARIAS•U.S., the leading not for profit trade association for the insurance and reinsurance industry, has issued new rules for policyholder and other insurance arbitrations aimed at bringing fairness to the process while allowing arbitrators with relevant insurance experience to preside over those disputes. Practitioners in the insurance arena now must grapple with the question of whether these new rules will improve the arbitration process for insurance coverage disputes.
- Identify the positive and negative aspects of arbitration as a meaningful alternative to litigation for commercial insurance coverage disputes
- Discuss how fairness and efficiency can be brought to commercial arbitration of insurance coverage disputes
- Assess how the new ARIAS rules will enhance the ability for policyholders and insurance companies to resolve their coverage and other disputes