NU Online News Service, March 12, 2:00 p.m. EST
Arbitration Forums Inc. (AF) has saved the property and casualty industry more than $700 million in litigation costs each year, resolving nearly 500,000 inter-insurance claims disputes, valued at about $2.3 billion, in 2010.
W. Russ Smith, president and chief executive officer of AF, said the provider of dispute resolution services for the insurance industry has resolved nearly five million disputes, valued at $23 billion, for its 4,400 carrier and self-insured members over the last decade.
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