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Study: Businesses Making Early Offers for Injury Claims Save

National News • June 5, 2008
There are strong advantages to a system in which businesses facing personal injury lawsuits could promptly pay injured parties for out-of-pocket medical expenses and lost wages while avoiding long ...

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Subject: Adverse selection

Posted On: June 5, 2008, 5:16 pm CDT
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Comment:
It strikes me that those claimants who would opt for such a program are those against whom liability may not be favorable. Therefore, you are raising the average severity for the set of the population that could conceivably receive nothing (defense verdict); and raising the average severity for the entire group necessitating higher premiums. I suspect that the assumed "savings" in expenses is derived by an average -- which is skewed by litigating the catastrophe injury case -- or severely complicated, multi-defendant trial; which is going to happen anyway.
Subject Posted By Posted On
RE: Common Sense Bill
Jun 6, 2008, 12:26 pm
Common Sense Bill Reed
Jun 6, 2008, 7:23 am
Adverse selection
Jun 5, 2008, 5:16 pm
....more legal malfeasance? Bill
Jun 5, 2008, 1:14 pm
Old News Dread
Jun 5, 2008, 1:04 pm
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