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In 1996, the London Engineering Group (LEG) first introduced a set of model defects clauses applying to physical loss or damage to insured property caused by defects in material, workmanship, design, plan, or specification, known as LEG 1, LEG 2, and...

Because arbitration is generally considered a more efficient forum for dispute resolution than litigation, insurers may include mandatory arbitration provisions––often with New York law and forum provisions––in their contracts. New York has served as a...