podcast

Why Arbitration Is the New Subrogation

November 28, 2023

Recent years have witnessed significant changes that have affected the subrogation process, procedure, and the ability to prevail at hearings. Every dollar recovered is crucial to the bottom line of carriers and self-insureds, and the arbitration process remains a means to secure those monies where disagreements exist over liability, damages, or coverage.

As subrogation departments continue to emerge from the last several years, it is important to focus on the four key areas that have the biggest impact on intercompany arbitration claims. These areas include parts availability and rental replacement, evidence acquisition, and contention writing. Filing arbitration is a specialization which requires a thorough understanding of the arbitration process, thoughtful preparation for each case, and utilization of technology.

Takeaways:
  • What YOU can do to ensure the optimal opportunity for recovery on every claim making its way before an arbitrator.
  • Importance of due diligence in preparing for arbitration, and how a subrogation specialist can help.
  • Looking ahead, will parts availability, auto rentals, ever return to normal? Is arbitration the new subrogation?

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