Over the course of the last decade, I've published in excess of 700 articles in the areas of personal injury, criminal defense, workers' compensation and insurance disputes, generally. If you can't find what you're looking for, feel free to contact me to discuss the details of your case and learn how I can help.

Does The Other Driver’s Insurance Company Matter In Determining How Much I Recover?

It’s now been several years ago, but, at a time a lawyer’s group now know as the American Association for Justice [and formerly known as “ATLA” or the Association of Trial Lawyers of America], put out a fascinating publication called the ’10 Worst Insurance Companies in America’.

Insurance companies are massive, and profitable.

It’s probably a safe bet to say that most people don’t really understand just how much money the major insurance companies actually make. The American Association for Justice puts that figure at 30 billion dollars, annually, for US property/casualty insurers. [citing information from the Insurance Information Institute].

The profits are the result of taking in more in premiums- and, more importantly, investment returns on those premiums- than is paid out in claims.  The less paid out in claims, and the more money at interest, the higher the profits.

Does The Other Driver's Insurance Company Matter In Determining How Much I Recover?

So, obviously, an incentive is there to pay out as little as possible on each claim. It would seem to make sense that spreading out paying as little as possible on each individual claim over the spectrum of thousands and thousands of claims would lead to a sizeable increase in profit margin. As Attorney Eric T. Kirk will tell you. Nevertheless, many industry experts argue that is not the business model, and that most insurance companies lose money on claims. It is a return on investment dollars that is the heart and soul of the insurance industry’s profitability, in this view. Wherever the money comes from, it comes from somewhere, and it rolls in for the insurance industry.

A seasoned Baltimore personal injury lawyer may play a vital role in assuring that your claim receives full compensation. Although everyone in this business likely has their own personal favorite, according to the American Association for Justice,  the 10 worst, in descending order are: Allstate, Unum, AIG, State Farm, Conseco, WellPoint, Farmers, UnitedHealth, Torchmark, Liberty Mutual.

I offer a free case analysis, evaluation and strategy planning meeting to my clients. Contact me today to schedule a session. 410 591 2835.