Appraisers and umpires must ensure they have the necessary time to efficiently fulfill their responsibilities before committing to an appraisal panel. Both policyholders and insurers concur that policyholders deserve swift and complete compensation for their losses. The fundamental principle of insurance is compromised if policyholders do not receive timely and full payments. Therefore, it is imperative for appraisers and umpires to be prepared to quickly assess the extent of losses and make timely determinations on awards. Continue Reading What Happens If One Appraiser Does Not Participate? Can One Appraiser and Umpire Make An Appraisal Award?

Steve Badger published a proposed “Statutory Appraisal Process.” He noted on LinkedIn the following, in part:

My post last week about a proposed ‘Statutory Appraisal Process’ created a lot of discussion. Some supported the idea. Others hated it (for various predictable reasons). Everyone, however, agreed that the appraisal process is, or was at least intended to be, an efficient way to resolve disputed claims without the need for litigation.

Everyone also acknowledged that there are problems in the process that need to be corrected.

And here is my effort to address those problems……

…We are currently recommending that our clients include this revised appraisal provision in their policies. Several clients are now in the process of obtaining state regulatory approval of our proposed appraisal clause.

Continue Reading The Standard Steve Badger Appraisal Clause

How do judges appoint an umpire in an appraisal? Most appraisal clauses say words to this effect:

If the appraisers do not agree on the selection of an umpire within 15 days, they must request selection of an umpire by a judge of a court having jurisdiction.

Continue Reading How Do Judges Appoint Umpires in an Appraisal? A Case Example from Louisiana