T-aylorville personal injury attorney
The Taylorville personal injury attorney from McCarthy Rowden & Baker will be committed to winning your personal injury case. Please call us today at 800-373-6050.
The Impact of an Economic Downturn on your Case Value
Your case value can be significantly reduced by the ongoing economic recession. A qualified Taylorville personal injury attorney will explore all options to negotiate a fair settlement in your case.
A Taylorville personal injury attorney explains how a bad economy can affect your case value
A depressed economy changes how personal injury cases are handled, and your case is no exception in the ongoing recession. Your Taylorville personal injury attorney will review the following ways a weak economy can affect your case.
A Taylorville personal injury attorney discusses that insurance companies will evaluate claims in a small to medium, non-catastrophic cases more conservatively.
Insurance companies must mind their investments just like any other individual investors. If their investment has suffered in a slow economy, they will try to reduce settlement offers made in claims. They will reduce a $20,000 settlement to a $15,000, and will resist smaller cases that settle for $10,000 dollars. If your claim involves a catastrophic case, your Taylorville personal injury attorney will tell you that the insurance companies will avoid paying a maximum value.
A Taylorville personal injury attorney will anticipate the insurance companies laying off personnel, reducing manpower to process claims.
If the insurance company cuts staff to save cost, your case could be transferred or assigned to adjuster who has not worked with your Taylorville personal injury lawyer. Your attorney would have to put in more work to convince the adjuster of his credibility.
The layoff will also result in additional caseload for adjusters, who will be overwhelmed with work, especially during busy settlement periods of October, November, and December.
Your Taylorville personal injury lawyer will tell you that jurors will become less sympathetic to smaller cases, especially those concerning soft tissue or low impact collisions.
Any Taylorville personal injury lawyer knows that a slow economy inspires calls for tort reform. The juries will have heard pundits and the media arguing that runaway juries and opportunistic personal injury attorneys hurt small businesses in a bad economy. Consequently, juries deciding your case are probably no less conservative than they were prior to the recession.
If you require a legal representation in your personal injury case, please call the law offices of McCarthy Rowden & Baker at 1-800-373-6050. Our experienced T-aylorville personal injury attorney will thoroughly review your case to devise a winning case. The initial consultation is free.