Those of us who practice have to deal with the law as it is, and how it develops before the courts. Most of us rarely look at the bigger picture or bills that have not yet become law. It may interest some of you to know what legislators are thinking about.
If any of this interests you, check out the bill submitted by A. Grannis in the Senate on March 31, 2006 as bill A10545 reducing the statutory interest amount to 1% and requiring all first party no-fault suits to be submitted to arbitration. Check out http://public.leginfo.state.ny.us/menuf.cgi and put in "no-fault."
What do you think of Grannis bill?
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3 comments:
The pltf's bar will fight that bill tooth and nail though mandatory arbitration is exactly what is needed to restore any semblance of fairness to the situation as it currently exists. I often wonder how some of the old NF arbitrators still have jobs given the mad rush to the Courthouse in recent years. Interesting to see that it was introduced at the request of the Chief Administrative Judge on the recommendation of his Local Courts Advisory Committee.
Even with everyone flocking to the courts from the arbitration forum, AAA hasn't been able to effectively administer no fault arbitrations. Their staff is incompetent, and the arbitrators don't follow the law. How is this bill going to make things better?
I believe the Defense Bar has to fight this bill as well since it would cost a lot of attorney jobs. Many carriers are using claim reps at these AAA hearings. If anything, this bill should require carriers to hire attorneys at these arb hearings.
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