NH Fatalities – After seeing traffic fatalities drop 25% through the summer of 2017, NH has once again seen an increase in deadly accidents. Our state has seen 142 deaths on the road this year, passing last year’s mark of 102 around the same time. This is in line with a national trend dating back to 2014.
What This Means for Insurance Companies
This means insurance companies are likely to be on the hook for more claims, too. When that happens, it’s only natural that they will attempt to protect their bottom line. Some companies raise premiums, which you might have noticed in the last few years if you carry insurance from a profitable company. For example, Berkshire Hathaway and Progressive Insurance made money in 2015 and 2016 by posting some of the highest rate increases in the industry in following years.
But no business can afford to raise rates indefinitely, which is why insurance companies must find other ways to keep their money, such as paying little—or nothing at all—on large claims. Every insurance company will have lawyers on their side that are paid to develop legal strategies that accomplish this goal. This produces attempts to avoid responsibility can involve complicated, arcane laws like the “Shipowners Limitation of Liability Act” from 1851 that was used to try to get out of a lawsuit in Branson, Missouri over the deaths of 17 people. It’s unclear how this suit will play out, but we know it takes a team of knowledgeable and methodical lawyers to stand up to these litigation tactics.
If you or a loved one has been involved in a serious motor vehicle accident, you will want experienced counsel to secure the compensation you deserve. To get started, call us at Douglas, Leonard & Garvey, P.C., 1-800-240-1988 or fill out our online contact form.