You can see advertisements everywhere you look, from phone books to billboards to even the televisions and newspapers. We’ll help you, no matter your accident, be it car crash, whiplash or other injury! Graphic pictures of victims at the scene with large, bold headlines and promises of free representation can be seen everywhere. You can even find a short term loan to hold you over until settlements arrive.
Now there is speculation that all these personal injury claims are making insurance costs rise. As a matter of fact, some insurance companies will no longer sell auto insurance. These companies say that people come in with a small amount of damage on their vehicle, will file a lawsuit, and will be granted a huge monetary award. She said that the insurance company wants to pay people for their actual injuries, but that people have started expecting way too much compensation for their injuries.
Each company has had to implement its own level of premium cost increases due to the runaway damage claims. The typical rise in cost for drivers at an average risk level ranges from 15 to 35 percent. The unlucky ones who have been involved in prior automobile accidents are likely to be subject to even greater increases.
Lawyers say there’s no link between their advertising and the increase in claim costs. There is one lawyer who states he can’t even make sense out of the supposed connection between the ads and claims. When someone has a good claim to make against another driver, they should be allowed to do so. The offer of short-term loans on the promise of future claims may be a violation of the lawyers? code of ethics. Law associations are researching this.
One lawyer says the additional ads really may inspire extra claims to be made. He doesn’t see a problem with this increase. It’s unfortunate that the insurance bureau finds the fact that lawyers are telling people about their rights and how to go about asserting those rights. He notes that insurance costs are increasing and that the system could be improved. He also says the insurance industry isn’t willing to work with his association to make the needed changes.
A Bar Association president claims the insurance industry could better save costs by focusing on reducing the number of accidents that occur. He’d like to see the insurance folks lobbying for increased fines for infractions caught by photo radar and bans on cell phone use by drivers. He also questions why the insurance business has not tried to improve road safety or attempt to cut down on the number of accidents in the U.S. Also, the insurance industry has suffered with its investments; this has drastically reduced its profits.
Legislation to prevent double dipping by people who have been injured in a motor accident is being fought for by the insurance industry. Some of the people who are trying to make claims, that had to miss work due to an accident, are attempting to be compensated by the loss of work, when their jobs have already compensated them. What makes things worse is the fact that some awards are given for gross wages lost. This makes it harder for the employee to want to go back to work. People realize they will be paid even more for being off longer amounts of time.
There are not current stats on how many injury accident lawyers currently practice, but lawyers said there probably isn’t any other place were so many lawsuits could be filed. In most of them, claimants can seek compensation for pain and suffering, though some areas stipulate that the injury has to be a permanent and serious one to allow for this. The insurance bureau would like you to see that the advertising is creating the demand, but the exact opposite is true. Lawyers should not be faulted for offering to delay payment until the settlement is reached. Also, it’s fine for them to suggest they’ll pay the disbursements, should the case be lost.
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