Apr 15, 2022
One of the benefits of pursuing subrogation recovery through arbitration is the parties’ agreement to pay the resulting awards expediently, thereby reducing cycle times. As ideal as this timeframe sounds, things do not always go as planned. In this episode Ana Zgela, our Associate head of the RG Arbitration Team, joins Rebecca again to talk about how to enforce an arbitration award when the opposing carrier doesn’t pay. We discuss the requirements for enforcing awards from Arbitration Forums, NAMIC, as well as state arbitration forums like the Kentucky Insurance Arbitration Association (KIAA).
To hear more of Ana’s wealth of knowledge on arbitration and its processes, listen back on our previous episode, Arbitration Decision: The End... or is it?, from October 15, 2021, to learn more about the arbitration procedures and the steps to take in the event of an error.