Arbitration Options Put Global Insurers In The Driver Seat

Law360, New York (May 11, 2017, 5:07 PM EDT) -- Globalization of the insurance market has seen an increase in the use and enforcement of international arbitration agreements in insurance policies. When tragedy strikes or loss occurs, insurers have a variety of options to enforce their rights, including everything from a negotiated stay of proceedings, to an anti-suit injunction and everything in between. The specific arbitration provision of the policy and the goals of each insurer will guide the decision making process.