Just as many firms will screen and job candidate that comes before them through a hiring process, personal injury lawyers will begin to use online resources to root out evidence that may indicate fraudulent or false injury claims. The aim of the new activity will be to reduce the amount of insurance fraud inevitably leads to increased costs for insurer, which is then passed along to customers through an increase in premium rates.
A shocking number of those who are seeking personal injury compensation , whether it be a purposeful injury or an accidental one, has been contradicted through a process in which comments or pictures posted to websites refute the claimants’ statements.
While originally there was uncertainty over the veracity of online evidence in regards to reducing fraudulent claims, data has shown the practice is garnering results.
The competition for clients in the personal injury sector has rocketed due to the recent increase in claims, and many lawyers have adopted the “no win no fee” model in order to drum up more business. Because of the practice no win no fee lawyers, since they only generate revenue on winning cases, have become much more vigilant in accepting clients in order to control costs.
One method employed by both prosecution and defense to control those costs is by a thorough website examination to weed out any false claims. The rising rate that online investigations are performed should impact the size of settlements made by insurance companies, experts say. Additionally the practice will result in people who have true, legitimate cases receive the compensation they require.
After having no choice but to issue a profit warning recently, the wheels may be falling off Helphire, an accident claim handling firm.
The company, based in Bath, has declared that both its full-year profits and its revenues will face significant losses. The announcement sent its shares into a tailspin, resulting in a closing figure of £21.50. The total loss was a 28 per cent drop.
The company mostly pointed to a combination of good weather and high petrol garage prices, which have led to fewer crashes being suffered by motorists.
Providing services for road accident claims, Helphire supplies so-called ‘blameless’ motorists involved in an accident with interim cars while it handles the repairs on any pranged autos. Helphire additionally offers legal help for preparing any personal injury claims that may have been incurred during the accident.
However this is not the first time the firm has been in hot water. At the height of the credit crisis two years ago, the company nearly shuttered as it reeled from the loss of its largest customer, Saga and AA owner Acromas.Saga.
Since that date, 1,200 employees have been made redundant, two instances of rescue fundraising efforts have been attempted, and two chief executive officers have come and gone as well.
Despite successes related to the firm’s efforts to undergo major overhauls earlier in the year, business has still been bleak for the traffic accident claim help provider. Recently company head Martin Ward stated that he had hopes that business would become more brisk, as the seasons turn to the winter, which traditionally has been a period of the year when crashes tend to happen more often. Pre-tax profits for the firm however are estimated to be approximately £13.9 million, which compares unfavorably to the £21 million predictions made by analysts.
An uninsured hit and run car accident claim finally pays off for the child victim of the accident.
Five years old at the time of the accident, Daniel Hennessy was struck by then 16-year-old Sajid Hussain. Hussain, who was driving illegally when the traffic accident claim occurred in 2002, drove away, leaving the young child for dead at the time.
As a result of the traffic collision, Daniel suffered serious, life-affecting injuries that have devastated his body. Daniel suffered not only a paralysing spinal injury but also sustained several head injuries and a collapsed lung during the crash. Taken altogether Daniel is no longer able to walk or stand on his own, and requires the use of a wheelchair in order to remain any semblance of mobility. Medical experts say that the extensive personal injury claims he sustained as a result of the accident will leave him in a wheelchair for life.
Hussain received a ban for two years in regards to any driving as a result of the incident. After a second driving incident involving serious bodily harm caused by his running over of a 67 year old lollipop woman only a few months later, Hussain served an 18 month stint in a young offender’s institution. Additionally Hussain was incarcerated three years ago for the offences of driving without insurance and driving while disqualified.
The Motor Insurers Bureau has stepped forward in order to provide personal injury compensation to Daniel for his injuries. This Bureau is funded by many different car insurance companies in the UK in order to provide compensation to victims hurt by uninsured drivers.
The money provided by the organisation will need to cover the needs of Daniel for the remainder of his life, so while the exact figure of the settlement has not yet been finalised, industry experts agree that it can easily end up being millions of pounds in compensation.