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re: Does anyone hope that the La. legislature will pass a "loser pays" law?

Posted on 2/14/17 at 5:12 pm to
Posted by Lakeboy7
New Orleans
Member since Jul 2011
23965 posts
Posted on 2/14/17 at 5:12 pm to
quote:

the adjuster would have an additional incentive to pay the claim fairly.




Yes, yes insurance companies are very fair.

No industry since the beginning of time will frick over a civilian like an insurance company.
Posted by LSURussian
Member since Feb 2005
126966 posts
Posted on 2/14/17 at 5:17 pm to
If an insurance company has the choice of 1) paying a fair compensation OR, 2) paying a fair compensation PLUS a portion of the other party's legal fees, which would they prefer?

Are you a lawyer? If so, that would explain many of your political leanings.
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89621 posts
Posted on 2/14/17 at 5:19 pm to
quote:

they'd make more money


You're right - they would crowd out the mid-sized guys (but they already have in many ways, with the whole advertising "critical mass").

quote:

i thought he mostly concentrated on MDL and national class action stuff these days


He has a pretty heavy rotation of sweep - "Call me to see what your case is worth" ads - 4 profit sharing partners that are mainly in car wrecks, 1 dedicated WC attorney, 1 dedicated SS disability attorney - and I don't know how many associates, but they are probably flung all over the place and doing a range of stuff, including class action (including Tom Galligan's son).

Now Richard doesn't do any car wrecks, mind you, but the firm lives or dies by them.

Posted by LSURussian
Member since Feb 2005
126966 posts
Posted on 2/14/17 at 5:19 pm to
You're being obtuse. What a surprise....
Posted by Keltic Tiger
Baton Rouge
Member since Dec 2006
19360 posts
Posted on 2/14/17 at 5:21 pm to
Plaintiff attys already use call screening to keep losers out of their office. Those ads "We are here for the poor people" would disappear from t.v. Not happening, just take a look at who in the Legislature are plt attys.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
423419 posts
Posted on 2/14/17 at 5:22 pm to
i went to the class action symposium in November and that's his baby and he had all sorts of national MDL people there to talk

seemed to be held in high regard by both sides
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
423419 posts
Posted on 2/14/17 at 5:24 pm to
quote:

You're being obtuse. What a surprise....

no i'm not

if the "fair market" offer by adjusters was an optimal move, i'm sure one of the major insurance companies would have gone that direction by now (b/c it would lower costs and they'd be able to seize market share by this shift). since none of these companies do this, i have to believe they have done their cost/benefit research
Posted by CorporateTiger
Member since Aug 2014
10700 posts
Posted on 2/14/17 at 5:26 pm to
The last thing any adjustor wants to see right now on a claim is a plaintiff's attorney. Yet they still don't offer these magical fair settlements that Russian expects.
Posted by Lakeboy7
New Orleans
Member since Jul 2011
23965 posts
Posted on 2/14/17 at 5:26 pm to
I'm a lawyer and I've dealt with insurance companies for 16 years. How many years do you have dealing with them? werent you a banker?

Here is what you dont get, both sides of the bar, plaintiff and defense are oppossed to loser pays, it is not going to happen.
Posted by CorporateTiger
Member since Aug 2014
10700 posts
Posted on 2/14/17 at 5:28 pm to
Since you are a lawyer your opinion obviously doesn't matter. Instead we are going to invite IT people to fix the legal system. And attorneys will fix the nursing field and so forth and so on.
Posted by LSURussian
Member since Feb 2005
126966 posts
Posted on 2/14/17 at 5:31 pm to
You are so blinded by how the system works now you're not comprhending how a change using loser pays would create an entirely new financial incentive basis.

I am now on my iPad and don't feel like hassling with providing quotes and links it requires using this device. Maybe I will do that later when I go back to my PC.
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89621 posts
Posted on 2/14/17 at 5:31 pm to
quote:

i went to the class action symposium in November and that's his baby and he had all sorts of national MDL people there to talk


No doubt he puts a lot of effort into those areas of practice.

quote:

seemed to be held in high regard by both sides


If you're REALLY interested, email me.
Posted by CorporateTiger
Member since Aug 2014
10700 posts
Posted on 2/14/17 at 5:31 pm to
Do you think adjustors currently want to a personal injury attorney retained on a claim?
Posted by LSURussian
Member since Feb 2005
126966 posts
Posted on 2/14/17 at 5:33 pm to
You actually believe plaintiff and defense lawyers are on opposing sides, don't you?
Posted by LSURussian
Member since Feb 2005
126966 posts
Posted on 2/14/17 at 5:34 pm to
quote:

Do you think adjustors currently want to a personal injury attorney retained on a claim?
Try again. Use English, please.
Posted by NIH
Member since Aug 2008
112740 posts
Posted on 2/14/17 at 5:35 pm to
quote:

Give it a shot. Be my guest.



i don't know shite about the financial industry just like you don't know shite about the legal field


Posted by CorporateTiger
Member since Aug 2014
10700 posts
Posted on 2/14/17 at 5:35 pm to
The question is written in plain English. Try again, please.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
423419 posts
Posted on 2/14/17 at 5:36 pm to
as a general rule, most tort reform ideas are attacked by both (at least behind closed doors). defense attorneys rely on litigation as much as plaintiff attorneys. if the lawsuits dry up, they lose their industry, too (lots of TX defense attorneys i know talk about this)

note: i'm not making a value judgment, just a comment
Posted by LSURussian
Member since Feb 2005
126966 posts
Posted on 2/14/17 at 5:37 pm to
Read what you wrote slowly, out loud to yourself. Then edit it.
Posted by LSURussian
Member since Feb 2005
126966 posts
Posted on 2/14/17 at 5:38 pm to
quote:

quote:
Give it a shot. Be my guest.



i don't know shite about the financial industry just like you don't know shite about the legal field
I don't have to be a chicken to smell a rotten egg.
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