TDI: Pre-Dispute Binding Arbitration Clauses Unfair to Policyholders January 16, 2013 Email This Subscribe to Newsletter Email to a friend Facebook Tweet LinkedIn Print Article Article 3 Comments January 16, 2013 at 2:13 pm Retired Risk manager says: Like or Dislike: 0 0One small problem. The Federal Arbitration Act. Any state law (or rule) that is hostile to arbitration fails. Insurance is obviously interstate commerce. This sounds more like a back door proposal from the trial attorneys. Reply January 16, 2013 at 2:28 pm jw says: Like or Dislike: 0 0Actually, there is a way around the federal law. Reply June 26, 2014 at 12:46 pm Pete says: Like or Dislike: 0 0The McCarran-Ferguson Act exempts the business of insurance from most federal regulation. Reply Add a Comment Cancel reply Your email address will not be published. Required fields are marked * Name * Email * Comment ΔNotify me of comments via e-mail
One small problem. The Federal Arbitration Act. Any state law (or rule) that is hostile to arbitration fails. Insurance is obviously interstate commerce.
This sounds more like a back door proposal from the trial attorneys.
Actually, there is a way around the federal law.
The McCarran-Ferguson Act exempts the business of insurance from most federal regulation.