NU Online News Service, Sept. 25, 11:10 a.m. EDT

The Association of Insurance and Reinsurance Run-Off Companies (AIRROC) said it has formally launched an alternate dispute resolution procedure.

The announcement from Trish Getty, AIRROC chief executive officer and executive director, said the move came, "In response to broad industry concerns over the efficacy of arbitration as a swift, cost-effective ADR mechanism."

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