Cybersettling

The US-pioneered system of online dispute resolution is to debut in the UK from the summer. Cybersettle.com offers a claims settlement procedure for cases in which a claim is agreed but dispute remains regarding the amount. The facility enables the insurer and the injured party’s legal representative to present a series of blind settlement bids. If the bids match or fall within an accepted ‘split-the-difference’ range, the settlement is agreed.