Allstate is being squeezed by rising accident rates and more severe auto related injuries throughout the Chicago area. In Chicago alone, 130 vehicular fatalities were reported and the average number of accidents reported across Illinois each day has risen to almost 800. The Chicago car accident attorneys of Rosenfeld Injury Lawyers have noticed a corresponding increase in the number of cases we’ve taken on as a result and are concerned by current statistical trends. In addition to costing victims more money for expensive medical care, the increased accident rates are forcing insurance companies like Allstate to make adjustments to their business models to remain profitable.
Falling Gas Prices Reflect Rising Death Rates
Gas prices have plummeted over the last few years, prompting more people to purchase vehicles and to drive more frequently. This is one of the contributing factors to the increase in accidents over this time period, but other factors have equal weight. New technologies provide additional distractions to drivers and when combined with increased traffic volume, create a recipe for more accidents and more severe injuries.