NEWS - Press Release
February 26, 2014
NAM PROVES THE EFFICACY OF ITS NEW NO-FAULT PROGRAM
NAM is pleased to announce that the piloting of its New York No-Fault arbitration program has been a huge success. Early statistics indicate that hearings have been held within 35 days after the parties agree to arbitrate and decisions have been submitted to the parties on an average of 10 days after the hearing. Further, NAM filings have facilitated the settlement of numerous cases. With interest building from both applicants and respondents, NAM looks forward to further serving the legal community by reducing costs for insurers and providing a swift, and cost-effective claim resolution process for the applicants.
Roy Israel, President and CEO of NAM stated: “The program is progressing just like we envisioned it. Insurers and claimants are getting the expeditious platform they need to resolve claims, and feedback so far has been excellent.”
For more information, please visit the NAM website at http://www.namadr.com/nofaultny.cfm or you can email us at firstname.lastname@example.org.
NAM offers litigants a nationwide panel of nearly 2,500 top-tier former judges and practicing specialists uniquely qualified to facilitate the resolution of disputes in a private forum. The company maintains rosters in all 50 states, including Puerto Rico, with specific expertise in the areas of Complex Commercial, Personal Injury (including 3rd party and 1st party actions), Professional Liability, Construction, Insurance, Employment, Real Estate and Financial Services dispute resolution.
Founded in 1992, NAM (National Arbitration and Mediation) has been recognized as ADR Provider of the Year and is well known for its superb customer service and for delivering exceptional results. Consistent with being the nation's premier ADR provider, the New York Law Journal Rankings Survey selected NAM as the #1 ADR provider for 2011, 2012 and 2013.
NAM actively works with more than 8,000 commercial entities, including more than 50% of the Fortune 100 companies. NAM is often an indispensable resource for parties seeking cost-effective alternatives to expensive and often time-consuming litigation.
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