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.

How Insurance Companies Evaluate Small to Medium, Non-catastrophic Cases

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.

How Insurance Companies Process Claims

If the insurance company cuts staff to save cost, your case could be transferred or assigned to an 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.

Jurors’ Attitudes Towards Smaller Cases

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 Taylorville personal injury attorney will thoroughly review your case to devise a winning strategy.