Enforcing Unpaid Arbitration Awards

 Wednesday, December 1, 2021

 Matthiesen, Wickert & Lehrer, S.C.

According to Arbitration Forums, Inc.’s website, the 5,200 members who subscribe to Arbitration Forums file over 949,000 disputes and nearly 1.7 million subrogation demands worth more than $13.9 billion in claims annually.

Most of the insurance companies in the U.S. are members of Arbitration Forums under one or more of the programs offered by Arbitration Forums.

You would be hard pressed to find a subrogation professional who does not have first-hand knowledge and experience in working with Arbitration Forums.

Arbitration Forums provides companies with an expedited and efficient way to have disputes submitted, heard, and ultimately decided by an independent arbitrator.

Most of the time the process works well. However, there are numerous instances where a party who was granted an award by Arbitration Forums does not get paid by the adverse carrier. It happens more often than you would think.