January, 1999
Summary: The National Association of Mutual Insurance Companies (NAMIC) Property Casualty Conference offers claim arbitration service for the settlement of subrogation disputes arising from damage to or by automobiles and livestock. The Property Casualty Conference Claim Arbitration Service is sponsored by the National Association of Mutual Insurance Companies (NAMIC), located at 3601 Vincennes Rd. in Indianapolis, Indiana, 46268 . This service formerly was part of the Conference of Casualty Insurance Companies (CCIC). As of Oct. 1, 1998, the CCIC consolidated with NAMIC's multiple-lines conference to form the new property casualty conference. At that time, NAMIC assumed the administration of the service. NAMIC members, located throughout the United States and Canada , participate in the arbitration process by signing the property casualty claim arbitration agreement. When member companies sign the agreement, they consent to resolving subrogation disputes through the arbitration committee, rather than through the judicial system. Interestingly, a non-signatory company may become subject to the system by signing an agreement to be bound by the decision of the arbitration committee on a case-by-case basis.
Before continuing, two terms need to be defined:
A. Petitioner—the party requesting the arbitration.
B. Respondent—the party being brought into the arbitration procedure by the petitioner.
Topics covered:
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