Greedy Trial Lawyer
Insurance Companies Abuse The Tort System
Category: Gaming The System
A strong indictment of insurance companies as the architects of the problems in our civil justice system is posted by Trusty Getto. Trusty has the goods on the real evildoers in our tort system.
What's wrong with our tort system these days?
No, it's not runaway juries. Nope, it's not ambulance chasing personal injury attorneys. Nope, it's not crazy, activist judges.It's insurance companies.
Instead of making good on the policies they write, they refuse to pay on legitimate claims, and they nickel and dime everyone. They nickel and dime victims, they nickel and dime expert witnesses, and they nickel and dime their own attorneys. The reason insurance rates are so high, in my view, isn't because of huge payouts or frivolous lawsuits. It's because insurance companies drive up the costs of litigation defending indefensible cases and refusing to pay reasonable compensation to seriously injured victims. By doing this, many, many cases end up costing policy holders hundreds of thousands of dollars to defend, and they result in policy payouts anyhow after too much money is spent "learning" that the claim can't be reasonably defended. They are essentially flushing good money down the toilet by pursuing this pervasive strategy.
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