New York’s Appellate Division, Second Department, cleared up a question which apparently needed clarification: when an injured party receives a SUM award from an arbitrator, that award gets offset by whatever recovery the claimant made from the tortfeasor. In Matter of Merchant v State Farm Ins. Company, 2020 NY Slip Op 01917 (Decided on March 18, 2020) […]
Matter of Global Liberty Ins. Co. of N.Y. v Capital Chiropractic, P.C., 2020 NY Slip Op 01466 (Appellate Division, First Department) υIn New York PIP arbitration, arbitrators are given fairly wide latitude, and as a general rule, mere mistakes of law or fact in an arbitrator’s decision are not reversible by the courts. In 2011, the […]
Excerpted from the Cromwell Moring Regulatory Forecast 2020: What Corporate Counsel Need to Know for the Coming Year, Co-edited by Dan Wolff and David Stepp Artificial intelligence business solutions and other “cognitive” systems have the power to transform insurance. Here’s a sci-fi scenario for 2030, courtesy of the McKinsey consultancy: You’re using your mapping app […]
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