Insurers dispute 'almost half' of commercial claims, research shows
Claim settlements drawn out by arbitration processes.
Insurers dispute almost half of claims made by businesses, according to an FT.com report.
The article stated that research from Mactavish, to be published this week, will say that nine out of every 20 claims described as “large” or “strategically significant” by the company making the claim have been contested by insurers since 2008.
The data will also show that insurers typically take three years to reach settlements, due to arbitration proceedings with gagging clauses.
Reasons for denial
Among
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