Why insurance companies don't want to pay on your client's personal injuries

San Antonio Personal Injury Trial Lawyers will compare some practices, financial strategies and mottoes of three of the major insurance carriers to see how they do it. No wonder your client is not looked at by insurance companies as a person, but as a potential loss on their huge earnings. For example:

American International Group, AIG, already owns more than 60% of 21st Century Insurance Group, which is one of California?s largest auto insurance companies. They are now looking to take the auto insurance company over altogether. They are purchasing the company for $813 million in a cash deal, and will pay $22 a share for it.They had previously offered the auto insurance company $19.75 per share, so obviously the new price was much more desirable. 21st will now be a wholly owned subsidiary of AIG when the deal is completed. After the deal, Bruce Marlow, who is 21st Century?s President and CEO, will head AIG?s direct private passenger auto insurance operations, which will be both companies combined.The Board of Directors of 21st Century has unanimously approved the merger, and AIG says that this is a win for both companies. They say that it allows them to combine the ?expertise and resources? of both of the companies to come up with a better product together. This ends up being good for their shareholders, good for their employees, and good for their customers. 21st Century has been around since 1958, and is a direct to consumer auto insurance company for personal auto insurance. They have more than $1.4 billion in revenue for last year, and this merger should be completed by the end of the third quarter of this year. Yet, every single time an attorney tries to settle with AIG adjusters, they are rude, condescending, and just impolite. Just remember that they have been hired and trained to keep profits for the company, not to properly compensate injured people. If you have ever dealt with AIG adjusters, you know exactly what we are saying.

State Farm Insurance's chairman and CEO received an 82 percent raise after the company posted a record profit last year, a statement from the Bloomington-Ill.-based insurer said this week. Chairman and Chief Executive Officer Ed Rust Jr. got a $5.26 million raise. He earned $11.66 million in 2006 with a base salary of $1.77 million and results-based bonus of $9.89 million, the statement said. Rust made $6.4 million in 2005 and $5.5 million in 2004.
The absence of a major catastrophe helped the insurer generate a record $5.32 billion profit last year, compared to $3.24 billion in 2005 when Hurricane Katrina hit the Mississippi Gulf Coast, release said. Now, to settle a claim with this company, an attorney has to be very patient and explain to the client that insurance companies really don't care about their injuries, they only care about their profits, since it takes them so long to really negotiate a claim.

GEICO's strong operating results reflect a considerable underwriting expense advantage, driven by its direct distribution business model and improved loss experience in recent years. Overall returns also benefit from its consistent and stable stream of investment income. When combined with its capital gains, GEICO has generated significant capital over the last five years, which has supported steady growth in net premium written and enabled it to declare substantial dividends. This company's adjusters are far better than any others in that they would be more efficient with the claims; however, still all they care about is to keep their profits.

As you can see, insurance companies are there to make a profit, not to pay an injured person when they are hurt. Most policies for auto insurance are 20/40. That means that $20, 0000 is for personal property, or to pay the car, and $40,0000 is to pay for the injuries, yet, you will never hear the insurance companies to offer an attorney policy limits on any claims, even the ones that deserve it. So, as a personal injury attorneys, you have the obligation to sue the insurance company to obtain the justice that your client deserves. That is why consumers need law firms that are willing to go all the way to trial with this insurance companies.

Come visit us at our website http://www.thebaezlawfirm.com or call us (210) 979-9777. Because, "we care about your legal needs."