Are Malpractice Insurance Companies In Financial Trouble?
They very well might be, but not for the reasons that you might think. It is interesting to note that in 2001 and 2002, when the stock and bond markets dropped sharply, insurers raised their premiums to compensate for a lower return on their investments. That doesn’t sound nearly as good as blaming it on an “avalanche of lawsuits,” so they instead manufactured a “crisis” in order to justify raising their rates. At Hajek, Shapiro, Cooper, Lewis and Appleton, we have yet to represent a victim of medical malpractice who thinks that his injury was a good thing. Nor have we ever brought a case all the way to trial and found in to be a “Frivolous” experience. Every penny that we get for our clients is fought for, and every penny that our clients get are for real damages that occurred due to real negligence. This public relations push that is designed to make victims feel as if they are somehow part of a problem is disingenuos and shameful. If you or a loved one has suffered from an injury du
