Chicago Car Accident Attorneys for Injury Claims and Litigation With Farmers Insurance
Rosenfeld Injury Lawyers helps individuals and families get the compensation they are entitled to receive related to Chicago car accident injuries. Our team of Illinois auto accident lawyers is familiar all aspects of car accident litigation in Illinois. The experience we have with auto injury cases ensures that the value of your case is maximized. To discuss a Farmer's car accident claim, contact our office for a free case review.
Farmers Insurance is one of the most storied and successful American companies in history. Launched on the west coast in Los Angeles California, the company ascended to become one of the country’s largest insurance providers. In the late 1990s, after its acquisition by Zurich Financial Services, Farmers became one of the top five leading insurers in the United States with international recognition thanks to its new parent. Now, with tens of thousands of employees and exclusive, dedicated agents, Farmers stands poised to continue growing at an expeditious pace.
Well-known for its automobile insurance coverage, since its founding over 70 years ago, Farmers has expanded its lines of insurance to include a whole range of products and services. Here is a brief overview of what they offer:
- Automobile: Farmers Insurance offers competitive coverage for collision, damages, medical bills, and uninsured parties related to cars, trucks, motorcycles, and other vehicular accidents.
- Abode: Farmers protects where you live and the things you have in it with home and renters insurance.
- Life: In a time of need following the passing of a loved one, Farmers offers temporary coverage to pay bills and bridge the gap to better times.
- Financial: Farmers provides small and medium-sized business with insurance for property and workers compensation claims. Additionally, for the advanced customers, they offer mutual fund and annuity services.
The rapid growth and size of Farmers Insurance, especially following its acquisition by Zurich, has exposed the company to litigation on many fronts. What follows is a review of its cases over the last ten years (since 2005) at the national and Illinois levels.
An Analysis of Jury Verdicts and Settlements Involving Farmers Insurance
Results at the national level follow a typical bell-curve pattern associated with litigation against many other insurance providers. Across all categories of cases (insurance, employment, products liability, etc.), nearly a third (32%) of all plaintiffs struck out in the courtroom and settlement room, receiving nothing. Almost another forty percent (40%) of plaintiffs received sums under one hundred thousand dollars ($100,00.00).
This left a few claimants who recovered compensation beyond that level - 29% - and an even smaller number than that received recompense over one million dollars (9%). Separating insurance cases from this pack, because these cases account for nearly half of all litigation, reveal results that appear grim to future plaintiffs. Two-thirds of all plaintiffs received nothing or compensation under one hundred thousand dollars ($100,000.00).
Finally, results were close to this norm for automobile cases which also accounted for a large percentage of Farmers’ overall caseload. For those plaintiffs receiving no compensation under one hundred thousand dollars ($100,000.00) or an amount over one hundred thousand dollars ($100,000.00), those numbers were, respectively, thirty-four percent (34%), forty-one percent (41%), and thirty-three percent (33%). Thus, a review of all cases against Farmers Insurance over the last ten years (since 2005) illustrates that plaintiffs had less success in insurance or automobile litigation than those in other categories.
In Illinois, plaintiffs were even less successful in achieving significant jury awards or settlement amounts from Farmers Insurance than those around the rest of the country. Eighty percent (80%) of all plaintiffs in Illinois received either no monetary compensation or only a small return (under $100,000.00) over the last ten years. In insurance litigation, plaintiffs were less successful in recovering over one hundred thousand dollars ($100,000.00) than their counterparts in other states: those counterparts received over that amount at a rate almost ten percent (10%) better than those in Illinois.
Unfortunately, results were the bleakest in Illinois for automobile cases because approximately ninety percent (90%) gained less than one hundred thousand dollars ($100,000.00) or nothing at all. Only eleven percent (11%) recovered over that amount and none recovered over one million dollars (1,000,000.00). Interestingly, unlike with many other insurance providers, Illinois was sparingly chosen as the choice of venue.
Filing an Accident Claim With Farmers Insurance for an Injury in a Chicago Car Accident
After an auto accident, it is critical to begin the claims process with Farmers Insurance quickly and efficiently by having all of the comprehensive facts accurately on hand. You can login to their website and submit all of the information at http://www.farmers.com/claims/. Alternatively, you can call them at 1-800-435-7764 to discuss what happened. After filing the claim, Farmers will initiate the process and that typically includes investigation, review, and claims judgments.
At all times during this process, it is vital to have effective legal counsel at your side. Remember, Farmers is not on your side. Like all corporations, their motive is profit for them, not justice for you. Recently, the company has come under fire for motivating and encouraging employees to find ways to lower claim amounts offered to victims. This is unacceptable. However, on the bright side, Farmers uses their computer program Colossus to analyze and calculate claim awards for injuries. The program uses an algorithm that often times gives higher amounts to policyholders than they typically receive in court or from other providers. However, victims usually receive maximum compensation when using an attorney to resolve their case. We encourage you to call us now to discuss your case and how we can help you in your claim or lawsuit against Farmers Insurance.
Chicago Car Lawyers Who Represent Your Interests-- Never Farmers Insurance
Rosenfeld Injury Lawyers is proud to be the law firm chosen by many individuals and families who have suffered an injury or loss due to a Chicago car accident with an individual or company insured by Farmers Insurance. Our team of attorneys, paralegals, accident investigators, and nurses works with the singular goal in mind -- to maximize your recovery. If you were in an accident with a Farmers insured or already have a claim started, contact our team today to ensure you get the maximum compensation that you are entitled to.