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Valkryie,
For the most part, I agree. And insurance companies are among the most conservative investers, and thus the most successful companies around.
However, there is so much inconsistancy between what different juries will award for a stubbed toe, there is some real danger. Members of your profession sometimes don't help by pushing for higher and higher settlements (and, let's be honest, fees for themselves). And, I hope we can agree, some lawsuits should never really be filed. That's not meant to be an indictment of the legal profession as a whole. Only a small part.
Perhaps there should be guidelines for juries rather than a cap.
Then again, as you point out, how do you know what any given injury is worth unless you've experienced it?
It IS a scary thought that lobbiests and legislators are setting the standards.
It is obvious that as the awards keep going up, so will our insurance premiums. Which isn't good.
So, a few people who suffer injuries are compensated well, and the rest of us end up paying for it in higher premiums.
Catch 22.
__________________
Fraternally,
DeltAlum
DTD
The above is the opinion of the poster which may or may not be based in known facts and does not necessarily reflect the views of Delta Tau Delta or Greek Chat -- but it might.
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