In February 2024, the Montana Commissioner of Securities and Insurance (CSI) fined State Farm $2 million dollars over underpaid auto claims. State Farm agreed to pay the settlement, review existing claims and provide additional payouts as needed. The CSI commissioner, Troy Downing, hoped the legal...
4. Settlement Negotiations Most car accident claims are settled outside of court. Settlement negotiations occur between you and the insurance company. If you have legal representation your attorney will negotiate the settlement. It is often much better to have an experienced Georgia personal injury at...
Bodily injury (BI) coverage–BI pays for medical bills, rehabilitation costs, and other treatment-related expenses that are deemed necessary to help the injured claimant recover. If a pain and suffering claim is made, the settlement will also come from this coverage. You must have at least $...
Even though there are no restrictions on lawsuits, add-on states like Oregon have adopted no-fault provisions to cut down on the cost of settling personal injury claims. It has also proven to shorten settlement times and to reduce the number of cases that are taken to court, which helps ...
When there is more than enough insurance coverage, then the settlement will have to work through the insurance company, and that helps protect the financial interests of the other driver. Insurance is Becoming More Affordable One very positive trend is the change in insurance costs. According to ...
Car accident injury settlement amounts can vary widely. The settlement value of your claim will largely depend on the scope of your personal injuries and medical care. The amount of compensation may be limited by the available insurance coverage and the personal assets of the liable parties. Soft...
Forty-eight out of 50 states require liability insurance. You can check the levels required for your state with a quick Google search. Understand car insurance coverage limits.An example of common coverage limits is 100/300/50, which means you have $100,000 bodily injury liability coverage per...
In Utah, your auto insurance company must pay $3,000 in PIP benefits, no matter who is at fault for the accident. If the accident is minor, individuals involved many only receive a settlement from their own car insurance company.In addition, no-fault states like Utah limit the ability to...
Steve Glass is a retired insurance professional with over 34 years of experience in the Property & Casualty insurance industry. Over the course of his career he led teams that handled Homeowners and Commercial property and casualty claims, Auto Medical claims, Auto Bodily Injury Claims, Catastrophe...
Steve Glass is a retired insurance professional with over 34 years of experience in the Property & Casualty insurance industry. Over the course of his career he led teams that handled Homeowners and Commercial property and casualty claims, Auto Medical claims, Auto Bodily Injury Claims, Catastrophe...