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re: Car Insurance - "What is your claim worth"?
Posted on 2/18/20 at 2:37 pm to Verbal Kent
Posted on 2/18/20 at 2:37 pm to Verbal Kent
quote:
Regarding tort reform, reducing the amount recovered by injured persons will only result in increasing insurance company profit. When an amendment was proposed that insurance companies automatically reduced premiums by 10% if the tort reform package was passed, the insurance companies balked. Why? Because it is all about profit.
If there would be a limit on attorney profits, or an agency regulating the fees that attorneys can charge, I would take your statement more seriously.
2
Posted on 2/18/20 at 3:11 pm to 2tigergo
"If there would be a limit on attorney profits, or an agency regulating the fees that attorneys can charge, I would take your statement more seriously"
That sounds like communism. Are you a closet Stalinist?
I make a good living, but I work extremely hard for it and take alot of risk. Gamble my own effort, expertise and money that I will win. If I lose, that money is gone and so is my time. But, I also don't charge a fee over one third and promise in my contract that I will never take a fee greater than my client's recovery, so when a case goes bad (and they do) I suffer with my client.
That sounds like communism. Are you a closet Stalinist?
I make a good living, but I work extremely hard for it and take alot of risk. Gamble my own effort, expertise and money that I will win. If I lose, that money is gone and so is my time. But, I also don't charge a fee over one third and promise in my contract that I will never take a fee greater than my client's recovery, so when a case goes bad (and they do) I suffer with my client.
Posted on 2/18/20 at 3:20 pm to 2tigergo
quote:
If there would be a limit on attorney profits, or an agency regulating the fees that attorneys can charge, I would take your statement more seriously.
When attorneys go on a percentage of the claim, they become no different than realtors. They want to jack the claim as high as they can, because that's more money for them.
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