I guess it’s just tough luck that adjusters aren’t paid the same way lawyers are. Oh yeah; the lawyers call that a conflict of interest. Maybe the lawyers should be paid the same way adjusters are? It could happen; Some day; like when pigs fly.
Couldn’t help but respond to Little Frog’s comment, because of how starkly it is devoid of common sense, any semblance of understanding of the article I’ve written, and common arithmetic skills. The article actually argues adjusters should receive MORE of a fee for sending out a demand letter and then referring the file to trial counsel. Not less. A 10% contingent fee on a $5,000 claim is $500. If the adjuster can write a demand letter and be paid $500 for doing so, they make $1000 per hour and all is right with the world. However, as happens in the majority of files, when the third-party liability carrier denies the claim and litigation is indicated, trial lawyers will spend up to 100 hours or more working on the file. If they recover 100% of the claim and are paid 100% of the 10% contingent fee the cut-rate vendor cut a deal for, the trial attorney will make $5 per hour, or less than his paper boy, and the cut-rate vendor will make zero. Little Frog’s income inequality rant might go over well on SocialistWorker.org, but it amounts to nothing more than embarrassing gibberish when posted in response to the article above. It’s like a painting contractor going out and bidding a job so low that nobody can even afford to buy the paint based on that bid, and then insisting that somebody else go and paint the house and give them a slice of the bid for doing so. Not many houses will get painted that way.
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I guess it’s just tough luck that adjusters aren’t paid the same way lawyers are. Oh yeah; the lawyers call that a conflict of interest. Maybe the lawyers should be paid the same way adjusters are? It could happen; Some day; like when pigs fly.
Couldn’t help but respond to Little Frog’s comment, because of how starkly it is devoid of common sense, any semblance of understanding of the article I’ve written, and common arithmetic skills. The article actually argues adjusters should receive MORE of a fee for sending out a demand letter and then referring the file to trial counsel. Not less. A 10% contingent fee on a $5,000 claim is $500. If the adjuster can write a demand letter and be paid $500 for doing so, they make $1000 per hour and all is right with the world. However, as happens in the majority of files, when the third-party liability carrier denies the claim and litigation is indicated, trial lawyers will spend up to 100 hours or more working on the file. If they recover 100% of the claim and are paid 100% of the 10% contingent fee the cut-rate vendor cut a deal for, the trial attorney will make $5 per hour, or less than his paper boy, and the cut-rate vendor will make zero. Little Frog’s income inequality rant might go over well on SocialistWorker.org, but it amounts to nothing more than embarrassing gibberish when posted in response to the article above. It’s like a painting contractor going out and bidding a job so low that nobody can even afford to buy the paint based on that bid, and then insisting that somebody else go and paint the house and give them a slice of the bid for doing so. Not many houses will get painted that way.