Virtually every insurance or reinsurance contract written in Bermuda these days has a clause stating that claims disputes should be arbitrated, rather than litigated. The intention is to save money and time but a massive drawback for insurance and reinsurance buyers is that, unlike lawsuits, arbitrations are held in secret so you never know who the bad payers are or which companies have practices that border on the criminal.
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Bermuda InsuranceKeywords
Duncan King Stirling Cooke