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Department seeks to shift arbitration costs to insurers to encourage settlements in auto damage disputes
Summary
Commissioner Andrew Mays outlined a proposal in House Bill 64‑35 to require insurers to pay arbitration costs if an arbitration decision favors claimants; department provided examples of administration costs and recent arbitration outcomes.
At a public hearing the Connecticut Insurance Department described proposed changes in House Bill 64‑35 that would put the cost of automobile physical‑damage arbitration on insurers when claimants prevail, a step the department says would encourage pre‑arbitration settlements.
Commissioner Andrew Mays said state law currently requires a $20 arbitration filing fee from each party, but department administrative costs to run the arbitration process have risen since the procedure began in 1989. He told the committee that the department's…
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