To reduce the costs of resolve insurance disputes

Assignment Help Business Economics

Reference no: EM13980969

To reduce the costs of resolve insurance disputes, insurers have required that customers use arbitration. Arbitrators are required to be knowledgeable about medicine and insurance contacts. Why might you anticipate that the arbitration mechanism would wind up favoring the interests of the insurers?

Reference no: EM13980969

Questions Cloud

Is there a modern equivalent of the movement : Is there a modern equivalent of the movement? If so, describe the modern equivalent. Are any of the early ideals still relevant? If so, how?

Find the speed of the object just before hitting the ground : A 1-Kg object is atteched to a cord which is wrapped around a cylindrical pulley. The pulley is installed on a wall at a height of 10 meters and has a mass of 5-kg and a radius of 10 cm. Find the speed of the object just before hitting the ground,..

Achieving a rating of excellent or recommended : Each year, public schools are rewarded with bigger budgets for achieving a rating of “excellent” or “recommended” and are punished for rating “needs improvement.” These ratings are based on meeting thresholds on a broad set of measures such as attend..

Determine the equilibrium price and quantity of education : The demand and supply curves in the market for college education determine the equilibrium price and quantity of education. Assume the student for college education is given by Dstu = P = 9500 – 500Q and the cost to society to of providing a college ..

To reduce the costs of resolve insurance disputes : To reduce the costs of resolve insurance disputes, insurers have required that customers use arbitration. Arbitrators are required to be knowledgeable about medicine and insurance contacts. Why might you anticipate that the arbitration mechanism woul..

Explain the definition and concept of passionate : Explain the definition and concept of passionate and companionate love and compare and contrast both types of love. In your opinion, is there more than just passionate and companionate love

Choose two of theories above to be the central piece. : Theories are: White privilege, structural racism, Race as social construct, the racial contract, racial moral cognitive dysfunction/double standards of morality and empathy based on race, epistemology of forgetfulness...

Typical managers can meet half of these milestones : A convenience store manager earns a base salary plus small bonuses for each of ten different possible monthly milestones he meets. Typical managers can meet half of these milestones. Do they miss the others by a little or a lot?

What are the potential problems associated with split : What are the potential problems associated with split/splitless injection for gas chromatography (GC) and why is it necessary to use a temperature programme in GC analysis of a complex mixture?

User Account

All Pages