Are Insurance Companies losing money when a jury awards someone who is injured money?
April 1st, 2011FREE Book, Top 5 Mistakes That Can Wreck Your Mississipi Car Wreck Case.
Q: Are Insurance Companies losing money when a jury awards someone who is injured money?
A: No. This is one of largest misconceptions there is. Insurance companies love to put this type of misleading information out there so that people will be biased when they serve on a jury. As a result of their bias, they then may award low amounts even though a person was injured from the accident. Let us provide an example. Prior to Hurricane Katrina, Senator Trent Lott routinely voted in favor of insurance companies on virtually every bill that came in front of him. Now, since the shoe is on the other foot, he has discovered that insurance companies are not so nice. It is too bad it took this long for him to discover it. The point is, it is easy to say we should not award any money to someone who is not injured. . .until it happens to us.
One other example. There was a local prominent citizen in Mississippi who was very much in favor of limiting the amount a jury could award. . .until, his son was killed in an accident. As a result of the unfortunate and absolutely tragic and horrible death, he sued for millions of dollars. At our offices, we cannot grasp how difficult it must have been to go through what happened in that situation and our thoughts and prayers go out to him. We can only hope that through time and prayer that the wounds from that tragedy will heal.
