Miss. Reports on Successful Mediation Sessions
As of May 15, the Mississippi Insurance Department reports there have been 2,222 mediation requests as part of its Hurricane Katrina Mediation Program, with the success rate now at 85 percent.
More than 350 scheduled mediations were settled before their conference date. In addition, the American Arbitration Association has increased both the number of mediations per day and the number of mediation conferences held per week. Now there are approximately 400 mediations being held per month.
Those numbers could increase as the department continues to secure more locations at which to hold mediation conferences, a MID spokesman said.
Source: Mississippi Insurance Department
Popular Today
- CCC Intelligent Solutions Agrees to $6.1B Take-Private Deal with GTCR, Elliott
- Broad AI Exclusions in Insurance Policies Could Create Uncertainty, Marsh CEO Says
- KCC Says Isaias Insured Losses to Be $3 Billion; AM Best Calls Storm an Earnings Event
- PVC Pipes Swept Away by Helene Still Dominate Cleanup of NC River