Maybe Troutman or Fredr123 can answer this one as to help me guage the angle of the ACTLA. If insurance companies were raking in larger than normal profits, would there be less of an incentive for them to challange individual claims of minor injuries or to low ball settlements and thus lower demand for lawyers?
I know that if I was in a situation where I was a victim and felt what the insurance company was offering was fair or more than fair, to avoid paying lawyer fees I would simply accept it and move on. However if I felt my injuries were worth a $20,000 settlement and they were only offering me $10,000 to try to either cut costs or to delay the onset of paying a $20,000 settlement to keep their duration ratios on their investment portfolios in line or because they were feeling more of a competitive squeeze to keep costs down, I would probably seek help from a lawyer to get me the settlement I feel I deserve.
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