Wednesday, December 24, 2008

Financial Crisis Causes Injured New Mexico Victims of Car Accidents to Hire Attorneys

The recent financial crisis is causing insurance companies to offer limited settlements to unrepresented claimants injured in auto accidents. Insurance adjusters are telling unrepresented claimants that they won't fully pay for medical bills, pain and suffering, lost earnings and permanent injury because the insurance company just doesn't have the money to pay.
In most instances this is just not true. Insurance companies are still settling cases for the same amounts as the months before the financial crisis as long as the claimant has an attorney. It is just a gimmick to get people to settle quick and for less money.
The reaction has been for these claimants to hire an attorney to fight the insurance company. In the long run, it costs the insurance more money to settle the case when a lawyer is involved.
It is very easy for a client to hire an attorney in a car accident claim against an insurance company. Most attorneys require no money up front and get a percentage of the total settlement at the end of the case. This is called a contingency fee agreement.
The client will get an honest evaluation of their claim by the attorney, and the attorney can offer treatment from health care providers who will wait until the case settles to be paid. The insurance company will no longer be able to communicate or intimidate the client after an attorney is hired.
Mark Caruso is a former insurance company attorney, and we know how insurance companies think and act. We will protect you from the insurance company and do our best to get you the most money possible. Mark Caruso is licensed in New Mexico and California since 1982 and is a graduate of Pepperdine University School of Law.
Call us for a free consultation at 505-883-5000 or at 800-657-9292 or e-mail us at or see our detailed web site at

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