How the Economy Affects Your Orange County
The state of the economy is currently a big political issue at the national, state, and local level. It affects all of us in various ways, and it may even affect the case value of your Orange County pedestrian injury claim.
Insurance companies were hit hard by the economic downturn, just like individuals were. They had investments, and if these investments suffer, they will look to save money in other places to protect their bottom line. One of the first places they look is the settlement of their claims. An injury claim that may have previously settled for $20,000 might now settle for $15,000. Smaller cases will be more difficult for Orange County pedestrian injury lawyers to settle at all. Of course, cash-strapped insurance companies will try to avoid paying top dollar on catastrophic injury cases, too.
In addition to lowering settlement offers, insurance companies will likely cut back on their expenses by firing employees. Fewer employees means a larger caseload for each employee, meaning that it will take a lot longer to get your claim processed. Additionally, an Orange County pedestrian injury lawyer builds up relationships with adjusters over time. If these adjusters are fired, an accident attorney may have to work with new adjusters with whom he doesn’t have a relationship, and who may be more skeptical of your claim.
If you have been injured as a pedestrian in Orange County, it is more important now than ever that you get the help of an experienced Orange County personal injury lawyer to help you get the settlement you deserve. Please call (888) 848-5084 for a free consultation.