A Guided Tour Of London And Bermuda Arbitrations

Law360, New York (September 20, 2010, 2:45 PM EDT) -- American companies that require large limits of first-party property and liability insurance coverage often find themselves looking overseas to London or Bermuda-based insurance companies to fill their needs.

Some of those insurers are loathe to be dragged into the U.S. courts, or even a U.S.-based arbitration, out of a fear that they will be subjected to pro-policyholder rules of policy interpretation. So, their policies contain clauses which mandate that all disputes be resolved under arbitration rules and acts of their own jurisdictions. For good measure, those...
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