40%: That's the share that some personal injury lawyers in Ontario
take from accident victims in contingency fees. While many lawyers take
less – a quarter or a third – insurers and drivers all agree: lawyers'
fees are simply too high and have a significant impact on the cost of
auto insurance.
In 2013, lawyers received an estimated $500 million
from injury claimants out of their insurance settlements for bodily
injury claims. These are real dollars that never make it to the
claimant. IBC will continue to fight for increased transparency so that
consumers can actually see where their insurance dollars go.
More/source:
http://www.newswire.ca/en/story/1516193/ibc-fact-check-trial-lawyers-40-fees-gut-victims-benefits
CIN is a non-profit Advocate for Insurance and Health Care Reform. Postings are cut/paste from other sources. @Cinsurancenews #rally4accidentvictims #ABPetition #CPPbacklog
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