NU Online News Service, Dec. 29, 12:08 p.m. EST

Discussion about a new arbitration program designed to resolve inter-insurer disputes over construction defect claims more efficiently was recently held between two major associations.

The first meeting on this program was a joint project undertaken by Arbitration Forums, Inc. (AF), a major arbitration group representing insurers, and the Construction Defects Claim Managers Association (CDCMA).

"If carriers resolve the underlying case and agree to arbitrate--rather than litigate--their differences, the time, effort and expense associated with these cases could be reduced significantly," said W. Russ Smith, president and chief executive officer of Tampa-based AF in a statement.

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