In the News Today -March 13, 2020

March 13, 2020

Trial Lawyers Ads Are Impacting on The Cost of Insurance for the Trucking Industry: While many factors are contributing to increased insurance costs, including equipment repair, increased safety measures, and rising medical costs, the most damaging culprit might be trial lawyer billboards. (Freight Waves)

“These attorneys know what they’re doing,” said Chad Eichelberger, president of Reliance Partners, a leading insurance brokerage firm. “The person involved might have suffered minimal injuries but is encouraged to seek medical advice regarding the situation. Before you know it, a claim that should’ve been worth $50,000 can end up totaling $500,000.”