Quote:
Originally Posted by MandoMan
With the roof replacements, what happened is that lawyers threatened to sue if the replacement wasn’t covered, and insurance companies decided replacing the roof might cost $15,000, and fighting in court might cost the company $25,000 and take a year per case. They did what was cheaper and just raised our prices. A mediator might deny most of those roof claims.
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I tried to find something online about many claims are filed, how many are denied, how many end up in suit, how many go to trial, and how many end up with verdicts for plaintiffs and how many end with the insurance company winning. I couldn’t find any information.
Anyone here have any idea what the numbers are? If the cases go to trial and the insurance companies constantly lose, they probably should settle.
And do they usually lose in court but win in arbitration or mediation?