With legal conflicts between primary and secondary insurers on the rise, a new mediation tool could cut the cost of such disputes, experts at a New York seminar said this week.
Developed by the New York-based International Institute for Conflict Prevention and Resolution, the new protocol, it was explained, provides a framework for mediating insurer-reinsurer disputes that could avoid many costly processes such as depositions and discovery.
New York-based attorney Vincent Vitkowsky served on the advisory panel that developed what became the International Reinsurance Industry Dispute Resolution Protocol.
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