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re: Does anyone hope that the La. legislature will pass a "loser pays" law?
Posted on 2/14/17 at 5:24 pm to LSURussian
Posted on 2/14/17 at 5:24 pm to LSURussian
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
3
Posted on 2/14/17 at 5:26 pm to SlowFlowPro
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 on 2/14/17 at 5:31 pm to SlowFlowPro
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.
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 on 2/14/17 at 7:15 pm to SlowFlowPro
quote:Total gibberish. The only financial incentive now is for adjusters to make as low of a settlement as the claimant will accept. There is no incentive for the adjuster to make a fairer offer.
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).
See my post above why loser pays adds an incentive for the adjuster to make a fairer payment in hopes of avoiding having the injured person from hiring an attorney.
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