Document Type

Blog Post

Publication Date

11-17-2021

Graduation Year

2023

Abstract

No-fault automobile liability insurance coverage, also known as personal injury protection insurance (“PIP Insurance”), provides coverage for personal injuries arising from accidents involving the insured driver. PIP Insurance provides coverage to the insured driver, passenger, or pedestrians injured in the accident, regardless of whether the insured driver is at fault. As required under New York State’s motor vehicle insurance law, New York Insurance Law Article 51, the required coverage provides payments for the basic economic loss for each person injured. Basic economic loss is defined as up to $50,000 for medical bills, lost earnings, and related expenses, as a result of the accident. As part of New York Insurance Law Article 51, all disputes between insurance carriers and insureds, injured parties, or medical providers to those injured in an accident are to be settled through an arbitration process. The rules and procedures for the arbitration process are promulgated by the New York State Superintendent of Insurance. The arbitration proceeding is administered by the American Arbitration Association.

This post was originally published on the Cardozo Journal of Conflict Resolution website on November 17, 2021. The original post can be accessed via the Archived Link button above.

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