In our last post, I talked a bit about the dangers of arbitration clauses in insurance policies. I wanted to continue to develop that topic. Joseph Stalin supposedly once said: “Those who vote decide nothing. Those who count the vote decide everything.” He was talking about manipulated voting, Soviet-style, not insurance. But one thing’s for
arbitration
Appraisal Provisions in Insurance Policies
By Gene Killian on
According to the American Arbitration Association’s website, “arbitration—the out-of-court resolution of a dispute between parties to a contract, decided by an impartial third party (the arbitrator)—is faster and more cost effective than litigation.”
Yeah…don’t be too sure about that. Insurance companies are slipping arbitration clauses into more and more policies, and many of these…
Forum selection clauses in insurance policies
By Gene Killian on
My wife has been pestering me to get out of an unused gym membership for some time. See, as a lawyer, I probably shouldn’t admit this, but I neglected to read the small print in the contract. It said that, unless I canceled in writing, the contract would automatically renew for one-year terms (kind of…