Larry P. Schiffer of NAM (National Arbitration and Mediation). Courtesy photo Why Industry Experience Is Important in Insurance and Reinsurance Alternative Dispute Resolution
Much like judges, mediation purists believe that a good mediator can manage any dispute because mediation skills, like judicial skills, apply across every type of dispute in every type of industry.
April 25, 2024 at 10:00 AM
9 minute read
There is a long-standing debate in alternative dispute resolution (ADR) circles, particularly in the mediation community, about whether industry knowledge and expertise are necessary for a neutral to be successful in resolving disputes. In insurance and reinsurance disputes, this is particularly important because of the terms of art and customs and practices of the industry. This article discusses the importance of industry expertise when acting as a neutral in an insurance or reinsurance dispute.
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