TAMPA PERSONAL INJURY BLOG: Is The Recession Helping Personal Injury Victims Get Larger Awards At Trial?
Is the recession helping plaintiffs in personal injury cases? I guess it depends who you ask but in a recent article in the Wisconsin Journal of Law, the author makes a case that verdict awards are up in this tough economic climate. The article is based on interviews with local lawyers and a study by Florida-based Jury Verdict Research. The company maintains a national database of awards in personal injury cases. According to their data, the median verdict in 2007 was $40,000. That is up $5000 from 2006.
While the data seems to back up this claim, some defense attorneys just don’t agree. They also point out that in this economic climate some plaintiffs are far more willing to settle for less money that they would get if a case went to trial because they are more likely to take a settlement offer. One lawyer also commented that in settlements insurance companies are not offering any more money just beacuase times are tough.
If you or a loved one is in need of quality representation in your personal injury case, please contact Personal Injury Attorney Darren Finebloom at 1-800-FIGHT-IT (1-800-344-4848) or online at fightyourinjury.com to discuss the matter. You can also contact Darren via email.
