Garbhan Shanks and Harriet Stokes are featured in Strategic Risk Magazine - should insurers and policyholders turn their backs on arbitration?

Arbitration was traditionally favoured over litigation to resolve coverage disputes, but some recent cases have cast doubt on whether this is always the best method to follow.

Insurers, reinsurers and policyholders have traditionally favoured arbitration over litigation when it comes to determining coverage disputes. This is predominantly owing to concerns over confidentiality and, historically at least, because arbitration is perceived to be quicker and cheaper.

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