The supervisor of the province of San Diego Jim Desmond criticizes the California insurance regulations that were implemented before the Los Angeles province’s fires at “The Bottom.”
House and car insurance rates for Americans have increased for years, with inflation, increased loss of natural disasters, and all the costs of repair and construction play a role.
But the industry indicates an important driver behind the acceleration of installments that are often ignored: judicial cases and payments that cost insurance companies.
APCIA says that the average American pays a “tax tax” worth $ 4200 due to the high costs associated with the abuse of the legal system. (Istock / Istock)
David Sampson, President and CEO of the American Cycled Insurance Association (APCIA), told Fox Business that even with all the pressures currently facing huge losses due to hurricanes and forest fires, a functional insurance imbalance in some states, and the threat of customs tariffs that increase costs “Our first priority is to address the abuse of the legal system, because it is the main cost of cost that has a significant negative impact on the availability of insurance and the ability to afford costs.”
APCIA says that the American family pays more than a “tax tax” worth $ 4200 due to unnecessary and abusive litigation throughout the country that raises the costs of products and services such as grocery and gas stores.
Car insurance rates increased in 2024; Drivers in these countries pay more than others
The Insurance Trade Group shows data indicating the average ruling of the personal injury that has been milked over the past decade or more, and moved from about 39,300 dollars in 2010 to more than 125,300 dollars in 2020 – an increase of 319 %.
APCIA refers to the data that shows the United States’ Middle Espected Award more than three times in the past decade. (APCIA)
Sampson said that the nuclear rulings – which are defined as the provisions of the jury worth $ 10 million or more – are continuing to rise, as the best 100 rulings increased by 350 % from 64 million dollars to 225 million dollars in only six years, which he said it shows It is “not perfectly proportional to any legitimate damage that exists there.”
Provide daily examples of legal violations.
Citorefornia requires approval of high prices after forest fires
One of them is the consolidation of the jury, as lawyers try to influence the jury by throwing the astronomical numbers of awards. He emphasized that when lawyers have advertising boards that amount to advertisements that they won 20 million dollars in the auto accident, they are trying to influence the jury gathering by placing astronomical numbers that have nothing to do with the condition concerned, in an attempt to change the mentality of the jury.
Ted Genins, a former representative in California, is discussing the reason for forcing the rules and regulations on some insurance providers from Golden State in the “end result”.
Another mismanagement is the fake damage, as prosecutors lawyers can only show the jury, how much a victim’s bill is issued with medical services, unlike the low amount that the health insurance company has already paid due to its contract with the hospital.
The liability of the buildings was one of the largest legal abuse sources, so multiple countries have imposed reforms to ensure that real estate owners and companies are only responsible for the things they can control directly.
Will hurricanes and forest fires rise to the country’s high levels?
Press lawyers who bring external investors to try to influence the litigation process by financing the third -party litigation (TPLF) also prompted the cost of litigation, amid increasing fears that foreign opponents use these ways to invest in American litigation against American companies.
Legal violations rise, accelerate the high insurance rates, according to APCIA. (Joe Raedle / Getty Images / Getty Images)
Sampson says that in these cases, the victim no longer dominates a lawsuit, which means that they cannot settle without permission from the people who invest in these lawsuits and financing them.
He said: “The judicial system has mainly turned into a casino, where these main investors hope to hit him rich in these cases and receive their salaries in most of the returns whenever they do.”
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“Strike it lucky in these main lawsuits, and then, do not see that in some cases of this individual personal injury, but more problematic – tragic – for the nation’s economy is that you have entities supported by foreign players, foreign parties like [Chinese Communist Party] And others who submit these third -party judicial cases against major American industries, especially in the technology sector, and use these lawsuits to try to reach intellectual property through the discovery process. “