Captives involved in reinsurance disputes should take proactive measures both to forestall disputes and to ensure that they take place on a level playing field.
For trade credit policyholders, the best way to avoid disputes over insurance claims requires a three-pronged approach.
Policyholders are often surprised to find that their policies require arbitration for disputes.
Policyholders should look closely at the dispute resolution provisions presented in their workers compensation coverage plans.
With increasingly regularity, insurance companies seem, to be pursuing policyholders to recover retrospective premiums under old workers compensation programs.
Risk managers on this side of the Atlantic should take careful note of new changes to Insurance law in the United Kingdom.
Now that pollution legal liability policies are widening the scope of potential coverage, issues of notice and disclosure are the likeliest flashpoints for coverage disputes.
A decline in asset values does not mean fidelity coverage can be denied.