Arbitration vs. Litigation: Key Factors for Policyholders
Most coverage disputes involving US policyholders and US-based insurers are litigated in US courts. But policies written by foreign insurers often contain provisions mandating that disputes be resolved through arbitration. Policyholders may have questions about which dispute resolution method better serves their interests — but answering those questions can be complicated.
“Arbitration vs. Litigation: Key Factors for Policyholders” examines the key concerns for businesses that are considering placing coverage with insurers that require arbitration of coverage disputes. Working with their legal and insurance advisors, insurance buyers should consider:
- The rules and laws a court or arbitrators will use to decide the dispute.
- Whether and the extent to which the proceeding is confidential.
- The timing and expense of the process.
To learn more, read or download “Arbitration vs. Litigation: Key Factors for Policyholders.”