The newly formed American College of Coverage and Extracontractual Counsel (ACCEC) brings together leading lawyers from the United States and Canada to raise the proverbial bar on the practice of insurance law.
Designed to represent the interests of both insurers and policyholders, the ACCEC focuses on the creative, ethical, and efficient adjudication of disputes about coverage, as well as extracontractual damages, which are a form of punitive damages awarded against an insurer in claims alleging bad faith or unfair claims-handling practices.
The main goal of the organization is to educate all sectors involved in insurance disputes—including the judiciary, legal and insurance professionals, and businesses—about critical topics, such as best practices in policy formation and claims handling. Another important component, organizers say, is to continue increasing civility and professionalism in the field, thereby improving relations between insurer and policyholder counsel. The intended result is better collaboration and better representation.
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