Why Insurance Companies Love Personal Injury Settlement Mills
If you’re looking for a reputable personal injury attorney in Miramar, look no further than the Law Offices of Bradley S. Hartman, P.A. We’ll work to get you the maximum compensation your case deserves without going easy on the insurance companies.
Logo 954-438-1000
10000 Stirling Road, Suite 1, Cooper City, , Florida 33024
Call for a free
consultation
Thursday
September 6, 2018

When you’re ready to make a personal injury claim after an accident, don’t settle. A personal injury settlement mill might have fancy advertising and talk a big game, but they take on a huge number of cases while taking very few of them to trial.

A settlement mill is a high-volume law firm that pushes mass settlement of injury claims while throwing money into advertising campaigns to attract new clients. You may see them advertising on late night or daytime TV.

Not every highly advertised law practice is a settlement mill, but most of these firms consider it best to have minimal interaction between clients and their lawyers. Wouldn’t you rather have personal and professional service from a personal injury attorney in Miramar?

Reasons Why Insurance Companies Love Settlement Mills

Insurance carriers love settlement mills because they remove the risk and uncertainty from the legal process. Rather than negotiate a settlement based on the case at hand, mills will negotiate based on monetary settlements they’ve been able to obtain in prior cases. Claims are settled simply for the going rates worked out over a certain time period by the insurance claims adjuster and settlement mill worker, instead of being individualized merit-based calculations.

Ninety percent of mill cases are settled before they ever go to court, which may sound like a plus because you’re avoiding the uncertainty of winning or losing your case. However, it most likely means that your lawyer isn’t trying to the best of his ability to get you the highest amount of compensation you’re eligible for. They can afford to settle for less because they know their aggressive advertising campaign will bring in hundreds of extra cases to fill the gap, even when it’s detrimental to the attention they give each case. Insurance carriers love settlement mills because they cost them less money.

Not only that, but 90 percent of clients never meet their settlement mill lawyers face-to-face more than once, while a smaller firm and personal injury attorney in Miramar offers much more personal attention. With a mill, clients are thrust off onto non-attorney paraprofessionals. A paraprofessional is unlikely to strike fear into the heart of an insurance adjuster. They know the mills have no intention of filing suit. Insurance companies are willing to pay hundreds of measly minor personal injury claims for a few thousand each, knowing that the big cases will also be swept under the rug along with them, saving them millions of dollars on serious lawsuits.

Who Benefits From Settled Claims

Because insurance companies will pay for questionable soft tissue cases involving bruising and scraping that would never get past a jury, settlement mills are motivated by money to resolve all claims through this mass production mentality. This means that bigger, more valid, cases and catastrophic claims are lumped in with the rest and settled for pennies on the dollar. The settlement mill makes money on every case, the insurance company has less to pay out, and the client is the only one really paying the price.

But because most personal injury clients don’t know the true value of their claim, they don’t even realize they’re potentially losing out on a significant amount of money. To make it worse, a settlement firm will exaggerate the potential risks of a lawsuit and convince them that resolving the claim for the offered amount is the best decision.

If you’re looking for a reputable personal injury attorney in Miramar, look no further than the Law Offices of Bradley S. Hartman, P.A. We’ll work to get you the maximum compensation your case deserves without going easy on the insurance companies, and we won’t take on more cases than we can handle. You’ll work directly with your attorney to collect necessary compensation for the damages caused by your injuries. Call us at 954-438-1000 for a free consultation.

share us with
Google Plus Linkedin