AAI: Arbitration Boosts Efficiency

NU Online News Service, March 11, 9:00 a.m. EST, Atlanta?Property-casualty insurers use of arbitration as an alternative to the tort system can create more efficient and equitable disposition of claims, according to an industry expert speaking on behalf of the Alliance of American Insurers.

David Narigon, senior vice president of Employers Mutual Casualty Co., in Des Moines, Iowa, representing the Downers Grove, Ill., association, made the observation during the National Association of Insurance Commissioners' Consumer Protection Working Group's public hearing on arbitration clauses in contracts. The hearing was held during the Kansas City, Mo.-based association's spring meeting here in Atlanta.

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