Monday, December 10th, 2001 — A dispute resolution group said 68 U.S. insurance companies have now agreed to resolve inter-insurer conflicts arising from the Sept. 11 terrorist attacks using negotiation and mediation, rather than litigation.
The New York-based CPR Institute for Dispute Resolution said that participating carriers, which include some of the biggest names in the industry, have signed the CPR Inter-Insurer Dispute Resolution Commitment for Disputes.
Among the signatories so far are CNA, Chubb Group, Allstate, Fireman's Fund, Great American, Kemper, Nationwide, REM (on behalf of Home Insurance Company), and Royal & SunAlliance USA.
CPR President Thomas J. Stipanowich said the commitment was developed in October through discussions with industry players and "we started getting [signed] commitments in November."