Bill > H7516

This bill strengthens consumer protections in insurance claims by improving the fairness and timeliness of arbitration and appraisal proceedings, which are methods for resolving disputes outside of court. Specifically, it allows courts to appoint arbitrators, appraisers, or umpires if a party fails to make a required appointment or causes unreasonable delays, ensuring that these dispute resolution processes can proceed without prejudice to the party that has complied with the agreement. Additionally, the bill shortens the timeframe from sixty to thirty days for a party to file a motion to vacate, modify, or correct an arbitration award, preventing insurers from delaying or obstructing the dispute resolution process and providing an equitable remedy to aggrieved parties.

Business and Industry

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