To reduce the costs of resolving insurance disputes, insurers have required that customers use arbitration. Arbitrators are
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To reduce the costs of resolving insurance disputes, insurers have required that customers use arbitration. Arbitrators are required to be knowledgeable about medicine and insurance contracts. Why might you anticipate that the arbitration mechanism would wind up favoring the interests of the insurers?
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The use of arbitration by insurers in insurance disputes can raise concerns about fairness and potential biases in the arbitration process Several factors might lead to the anticipation that the arbit...View the full answer
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