The Illinois Statute pertaining to the arbitration of automobile subrogation matters has undergone some important changes over the past few years that impacts the binding authority of arbitration awards received pursuant to the terms of the Arbitration Forum’s Auto Agreement.
In 2012, the Illinois Legislature enacted a statute pertaining to the arbitration of physical damage subrogation claims between insurers for property damage with a value less than $2,500. 215 ILCS 5/143.24d. Specifically, the original statute provided that for all physical damage
