In recent television ads for our law firm, I have included discussion of insurance adjusters who are asking claimants to sign releases and give recorded statements. In Virginia, the legislature enacted law several years back that made those recorded statements inadmissible in court if the claimant was unrepresented at the time. It suggests that even the legislature was concerned about the possible dealings of the insurance adjusters.
Several new clients have called after an adjuster came to their home and tried to take their recorded statement. The clients even mentioned how they thought it unfair that the other side was having full access to their records.
This caused me to use google to find the article and information about adjusters going out personally to see claimants. I found it in a 1996 article from Crain’s Chicago Business titled, “Outrunning The Lawyers; Allstate Reps Race To Settle Crash Claims“.
The reporter interviews Allstate representatives who discuss their hopes in saving insurance payouts, by “cutting personal injury attorneys out of the loop”. The aggressive stategy was based on findings such as a study published by the Inusrance Research Council, a non-profit group that is funded by insurance companies.
According to the study, claimants represented by attorneys were compensated for medical expenses and other economic losses averaging $14,718 , compared with $4123 for those without attorneys. If claimants really understood this statistic, it would certainly cause them to question that adjuster who says, “You don’t need a lawyer, we can get this resolved right now without a lawyer”. Instead, I suspect that the insurance companies might not want the results of those kind of studies to be seen by the public.
DID YOU KNOW that the bridge across Niagra Falls began with a kite carrying a line across it. I guess it’s another version that “every journey begins with one step”.
And for pic o’ day, here’s another from Amy M. that made me laugh: