Video – Attorney Andrew Dósa Answers: In A Personal Injury Claim, What Is The Insurance Company’s Game Plan?

Ray Hrdlicka – Presenter – Attorneys.Media

“Most people think it’s like a normal business, but it’s not. Your goal, of course, from a simple point of view, your goal is obviously not to pay a lot of money, but also not to put yourself in a position where, in the long run, it’s detrimental to your operations. ”

Andrew Dósa – Personal Injury Lawyer – Alameda County, CA

“Right. However, think about this. If you walk the streets of any major metropolitan community in America, because there’s a lot of money in the industry. They have money everywhere. They earn money from their premiums. They have earnings written on the premiums. They have earnings written on the investments they make. They have earnings written on the income they generate when there is a claim. When you file a claim against an insurance company, they will establish what is called a reserve. They will put an amount of money that they believe will be the likely outcome they will have to pay back in the end, into an interest-bearing account. So while you litigate for a year or two, the insurance company earns interest income on the money it will eventually pay you.”