How Insurance Companies Value Personal Injury Cases Although no two insurance companies have the same approach, there are some common elements on how insurance companies value personal injury cases. Here are some, but not all of them: 1) Is liability on the part of the insured person(s) or company clear,…
Here is the article from Boston.com: MetLife settles with state over allegations it wrongly assessed auto accident surcharges By Todd Wallack, Globe Staff MetLife will pay at least $50,000 in penalties and refund an undetermined amount of money to customers to settle allegations it imposed costly surcharges on Massachusetts drivers…
Massachusetts Personal Injury Cases and Settlement Funding This is a topic I deal with quite frequently when representing personal injury victims. Often, my clients will call me and tell me the accident they were involved in has financially harmed them so much, they are willing to take a loan out. …
Here is a great article I came across written by Maryland personal injury lawyer Ronald Miller regarding how the issue of defense costs affects an insurer's willingness to settle a personal injury case. Here is the article: Can I Expect the Insurance Company to Settle to Avoid the Costs of…
Many people decide to take a stab at handling their automobile accident claim without an attorney. That usually turns out to be a bad idea. Why would an insurance company be concerned about you suing their insured (the person or company that injured you and whom they insure) when you are…
Don’t Have a Lawyer and the Insurance Company is Contacting You? Each and every day Massachusetts auto insurance companies, upon learning of an auto accident in which they may have to pay out money damages, will contact you. They will send an insurance adjuster to the home of the injured…
Each and every day Massachusetts auto insurance companies, upon learning of an auto accident in which they may have to pay out money damages, will send an insurance adjuster to the home of the injured party and attempt to have him/her sign a release. The insurance adjuster shows up, big smile,…
This story is from today's edition of BostonGlobe.com: After fall, insurers’ auto rates up again New competition isn’t guaranteeing price cuts Auto insurance rates, which tumbled after Massachusetts opened the state to more competition four years ago, are marching steadily upward again. Many of the state’s largest auto insurers have…
This story is from today's edition of BostonGlobe.com: After fall, insurers’ auto rates up again New competition isn’t guaranteeing price cuts By Todd Wallack Globe Staff / May 15, 2012 Auto insurance rates, which tumbled after Massachusetts opened the state to more competition four years ago, are marching steadily upward…
1) It compensates for the medical treatment the injury victim had to endure; 2) It covers the medical bills and liens that must be paid out of the settlement; 3) It adequately compensates the injury victim for lost wages, and if applicable, future lost wages or impairment of earning capacity;…