Remember the great recession of 2008? Unemployment soared. Real estate values plummeted. Many Americans struggled to provide for basic needs such as housing, clothing and food.
While many struggled, those with money, such as insurance companies, enjoyed tremendous opportunity. And, insurers took full advantage by offering injured persons pennies on the dollar to resolve their personal injury claims.
Fast forward TO 2014 / 2015. After resolving personal injury claims for bargain basement prices for six years or so, two things have occurred:
A. The median value of non-litigated cases has reset lower; and
B. Psychologically, insurers believe low ball offers work;