Attorney Chris Davis Discussing Insurance Company Settlement Tactics
Getting A Fair Settlement From Liberty Mutual
Were you in a motor vehicle accident? Did you suffer serious injuries and or miss work? Are you a Liberty Mutual automobile insurance policy holder? Is the person who caused the accident covered by Liberty Mutual ? Or do you both have Liberty Mutual ? Is the Liberty Mutual claims adjuster difficult to work with? Did the adjuster give you an unfairly low settlement offer? Or did they deny the claim?
If you have sustained serious personal injury as a result of an accident involving a driver insured by Liberty Mutual - or if you are a customer of Liberty Mutual - it is important to understand your own legal rights for recovering the damages and losses resulting from the accident. Insurance companies will leverage your lack of knowledge of the legal process in order to get you to accept a lower offer.
Unfortunately, once you accept an insurance company's settlement offer you cannot go back and reopen the claim. This makes it even more important that you thoroughly evaluate all losses you have suffered as a result of the accident and factor that into your negotiations with the insurance company's representatives.
Attorney With Experience Fighting Liberty Mutual Insurance
Davis Law Group, P.S. founder Chris Davis is one of the most respected and recognized civil litigation lawyers practicing in Washington State. Davis Law Group has been named Best Injury Law Firm in Washington State by AI Dispute Resolution Awards.
If you or a loved one has been seriously injured in a motor vehicle accident in Washington State contact attorney Chris Davis and the team at Davis Law Group at 206-727-4000 to schedule your free legal consultation.
Liberty Mutual Accident Settlements & Verdicts
Below is a list of just a few of Davis Law Group's successful claims against Liberty Mutual Insurance.
- $1,550,000 Rear-End Accident Caused By Delivery Truck (Case No.200696)
- $900,000 Wrongful Death of Bicyclist Hit By Teen Driver (Case No.200267)
- $300,000 Car Spins Out Of Control In Accident (Case No.200058)
- $113,600 Rear-Ended While Stopped For Turning Vehicle (Case No.200735)
- $100,000 Pedestrian Hit By Truck In Grocery Store Parking Lot (Case No.201195)
- $100,000 Rear-Ended By Freight Truck In Stop-And-Go Traffic (Case No.200697)
- $100,000 T-Boned By Drunk Driver Running Stop Light (Case No.201436)
- $28,000 4-Car Rear-End Crash (Case No.200105)
Lawsuits Against Liberty Mutual Insurance
Were you in a serious accident in which you or the at-fault were covered by a major insurance companys such as Liberty Mutual Insurance? If you must take legal action, it is critical to research how other people and organizations have successfully navigated insurance claims negotiations and settlements with specific insurance companies in order to achieve a just settlement or court outcome.
Substantial research will help you in avoid mistakes others have made when legally dealing with insurance companies. Research can provide insight to successful courses of action that can affect the monetary value of your settlement. It also helps highlight crucial legal strategies and avenues that have historically helped win lawsuits against major insurance companies such as Liberty Mutual Insurance.
Insurance companies are notorious for stalling the release of settlement funds until the last possible second. This questionable practice is implemented by an extremely high percentage of insurance companies. It is designed as both a money-making and a money-preserving technique.
Major insurance companies usually have access to tens of billions of dollars due to high volume revenue and cash flow. Similar to banks, they invest these funds in order to amplify their profits. Even if they are required to pay a settlement, they will hold the money as long as legally possible in a leveraged effort to increase their own profits through the interest they earn on their investments.
In addition to delaying the disbursement of settlement funds, most insurance companies implement many of the following strategies to cut costs and generate profit:
- Nickel and dime smaller individual clients with various charges with the knowledge they cannot afford to investigate their legal options;
- Present clients with a very small initial settlement offer, as many policy holders do not realize they do not have to accept the insurance company’s first offer;
- Wait until the last possible week to disperse funds, as some negotiations can last well over a year.
History of Liberty Mutual
Liberty Mutual Group, more commonly known by the name of its primary line of business Liberty Mutual, is a diversified global insurer and the fifth largest property and casualty insurer in the United States.
Based in Boston, Massachusetts, they employ over 45,000 people in more than 900 locations throughout the world. As of December 31, 2008 Liberty Mutual Group had $104.3 billion in consolidated assets, $94.2 billion in consolidated liabilities, and $28.9 billion in annual consolidated revenue.
The company, founded in 1912, offers a wide range of insurance products and services, including personal automobile, homeowners, workers compensation, commercial multiple peril, commercial automobile, general liability, global specialty, group disability, fire and surety.
LMG owns, wholly or in part, local insurance companies in Argentina, Brazil, Chile, China (including Hong Kong), Colombia, India, Poland, Portugal, Singapore, Spain, Thailand, Turkey, Venezuela, and Vietnam.