In the 1990’s there was a strong push for “tort reform” in response to very high rates of insurance for businesses, medical professionals and other professional practices that require some form of liability insurance. Not only were these rates very high, but policies held by businesses that were deemed as insurance risks were being cancelled suddenly and without much cause. This was considered a crisis, and tort law reformers believed that a legal solution could be sought. In fact this was really motivated by insurance companies and Republican politicians who rely on these companies for a part of their campaign funding. Many republicans are also supported by industries frequently sued in personal injury cases: doctors, pharmaceutical companies, transportation companies, etc. In reality, injured persons are the people who suffer when a limit on damages has been instituted as they cannot recover the full amount necessary to pay their medical bills and financial losses. Contacting an experienced Personal Injury Attorney in Brooklyn can clear up any questions or concerns you might have about premium deceit and the options you may have.
Premium Deceit
Posted on February 20, 2014 by Jeffrey K. Kestenbaum