As you know, insurance companies take in premiums and pay claims with a goal of receiving more premiums than claims paid in order to make a profit. You might not know that many insurance companies have historically issued some risky policies and invested a portion of the premiums in an effort to increase their profits. Therefore, if the investments are going well, claims might be easier to pay, but if their investments are not faring well, that will make the claims harder to pay. Insurance companies are in the business of making money through making investments and collecting premiums, and must answer to their stockholders and officers. One of the ways that insurance companies increase profits to pay large salaries and bonuses is to minimize the payout on claims. Insurance companies also take all the steps they can get away with to minimize the payout on their claims and in some cases, doing everything they can do to avoid paying a claim. What this means is that if you have a personal injury and accident case, then the corporation or insurance company that you are dealing with wants to protect their bottom line. They are not there for you or to help you. They are not on your side. They are going to take every legal step they can to protect their bottom line.
Aaron Gartlan is a graduate of Troy University and the Thomas Goode Jones School of Law who focuses his practice exclusively on representing those injured by the wrongdoing of others. He is member of the National Trial Lawyers Association’s Top 100 Trial Lawyers, Million Dollar Advocates Forum and Multi-Million Dollar Advocates Forum. In addition to his legal practice, Aaron teaches Business Law as an adjunct instructor at Troy University’s Sorrell College of Business and serves as a field artillery sergeant in the Alabama National Guard.