Are Insurance Companies losing money when a jury awards someone who is injured money?
No. This is one of largest misconceptions there is. Insurance companies love to put this type of misleading information out there so that people will be biased when they serve on a jury. As a result of their bias, they then may award low amounts even though a person was injured from the accident. Let us provide an example. Prior to Hurricane Katrina, Senator Trent Lott routinely voted in favor of insurance companies on virtually every bill that came in front of him. Now, since the shoe is on the other foot, he has discovered that insurance companies are not so nice. It is too bad it took this long for him to discover it. The point is, it is easy to say we should not award any money to someone who is not injured. . .until it happens to us. One other example. There was a local prominent citizen in Mississippi who was very much in favor of limiting the amount a jury could award. . .until, his son was killed in an accident. As a result of the unfortunate and absolutely tragic and horrible
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- Are Insurance Companies losing money when a jury awards someone who is injured money?
