Law360, New York (April 15, 2013, 12:59 PM EDT) -- In general, I believe that the approach to the mediation of an insurance coverage and bad faith case is similar to mediations in other substantive areas of law. However, there are a few differences, including the analysis of the insurance policy, the cases construing the policy and the rules applicable to the interpretation of insurance policies.
While insurance policies do come with a body of law interpreting what they mean and a set of court-established rules of construction that are unique to insurance contracts, insurance policies are, without question, the most difficult and least understood contracts in general use.
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