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A Guide to the 1986 Liability Risk Retention ActThis document compares and contrasts risk retention groups (RRGs) and purchasing groups (PGs), which the Federal Liability Risk Retention Act of 1986 created to help insurance buyers acquire liability insurance.
Badgley on the PPAA and Binding Arbitration for ReinsurersThe use of arbitration agreements in employment and consumer contracts has grown steadily as employers and businesses have sought to avoid the judicial system for resolving disputes. It is believed that at least eight percent of American workers are now bound by arbitration agreements.
Better Business Bureau Rules of Binding Arbitration General DescriptionThe BBB assists in the resolution of disputes between a business and its customers. BBBs have a national reputation for fairness because they remain neutral in a dispute. They do not take sides but work to get the problem settled as quickly as possible.
Binding Arbitration in the 50 States Summary 11-07-2006This document provides a binding arbitration summary in the 50 U.S. states. It provides information regarding the limit on damage awards, general arbitration requirements, med-mal pre-trial screening or arbitration, and current legislative activity on binding arbitration in the 50 U.S. states.
Binding Arbitration of Coverage and Bad Faith DisputesThis article sets forth a unique and intriguing idea: can an insurer insert a requirement in its policy that all disputes concerning coverage or bad faith be submitted to binding arbitration, and providing further that in the event the arbitrator awards punitive damages, they be capped at no more than three times the amount of the compensatory award?
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