Patrick O. McAleer, Esq. has been named to the BoatU.S. Salvage Arbitration Plan arbitrator list.
The BoatU.S. Salvage Arbitration Plan helps settle disputes when negotiations between salvors and boat owner insurance companies break down. The Plan relies on a three-member arbitration panel to settle disputes, with the salvor and insurance company each selecting an arbitrator from a list of marine professionals and admiralty attorneys who are experienced in salvage matters. The two panel members then choose a panel chairman, who is always an admiralty attorney.
Since the Plan's inception, dozens of disputes between salvors and insurance companies have been processed, involving cases from New England to the Gulf of Mexico to the Great Lakes. The BoatU.S. Salvage Arbitration Plan puts the decision-making in the hands of knowledgeable marine professionals, who review the facts of the case and reach a settlement based on admiralty law.
Congratulations, Pat!
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