Arbitration - Sure, but Only on Our Terms: Escape Clauses in Uninsured Motorist Policies - Schaefer v. Allstate Ins. Co.

Historically, the insurance industry has widely used arbitration to resolve disputes.2 Insurance companies have increasingly included escape clauses in their policies.\u27 These clauses allow an insurance company to ignore an arbitrator\u27s award and have a claim directly heard in a trial court if the award exceeds a pre-determined amount.\u27 The Ohio Supreme Court in Schaefer v. Allstate Insurance Co. addressed this issue and decided that the escape clause was unenforceable due to public policy.\u2

A Feynman-Kac Formula for Anticommuting Brownian Motion

Motivated by application to quantum physics, anticommuting analogues of Wiener measure and Brownian motion are constructed. The corresponding Ito integrals are defined and the existence and uniqueness of solutions to a class of stochastic differential equations is established. This machinery is used to provide a Feynman-Kac formula for a class of Hamiltonians. Several specific examples are considered.Comment: 21 page