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Attorneys For Chicago Auto Accident Claims With Geico Insurance
Brought to extraordinary fame largely on the back of a small gecko, Geico Insurance has skyrocketed to the attention of the nation with revolutionary marketing tactics. However, if you are involved in a Chicago auto accident with Geico insured you may be in for a rude awakening.
Rosenfeld Injury Lawyers knows the frustration many people face when attempting to deal with Geico following a Chicago car accident. As attorneys who have handled thousands of Illinois auto accident claims, we invite you to speak to an attorney without cost to you to discuss your Geico injury claim. Let our team handle the negotiations while you focus on your recovery.
Probably because of all the attention it has generated from its advertising antics over the last decade, Geico Insurance has jumped to the forefront of insurance carriers with respect to visibility and recognition. However, this increased presence has come with attendant problems as well. One of the most recurring and costly of these is litigation. Since 2005, Geico Insurance has been sued thousands of times. These cases have covered a myriad of issues and injuries but normally revolve the following topics:
- Insurance
- Products Liability
- Employment and Labor
- Real Property
- Corporate Governance
Just looking at the national level over the last ten years, we can get a snapshot of the kind of success that plaintiffs have had against Geico Insurance in litigation by reviewing their jury awards and settlement amounts. In total over this timeframe, there were nearly two thousand five hundred (2500) cases involving all of the above topics and even some additional ones. Unlike the traditional bell curve commonly associated with jury awards and settlement amounts (with scant numbers on the lower and higher end and the majority of cases falling in the middle of recovery dollar amounts), plaintiffs generally fared poorly against Geico Insurance.
Approximately sixty percent (60%) of all lawsuits recovered less than fifty thousand dollars ($50,000.00). Another quarter of all plaintiffs recovered between fifty thousand dollars ($50,000.00) and five hundred thousand dollars ($500,000.00). Finally, only a mere eight percent (8%) recovered more than five hundred thousand dollars ($500,000.00)
Once we separate insurance lawsuits against Geico Insurance from the rest of the field, we see that this downward trend repeats itself with jury awards and settlement amounts. These cases accounted for nearly a quarter of all Geico cases. Within this category, plaintiffs again had little luck. Twenty-two percent (22%) gained nothing at all; forty-six percent (46%) gained under one hundred thousand dollars ($100,000.00); twenty-five percent (25%) gained up to one million dollars ($1,000,000.00); and merely six percent (6%) gained more than one million dollars ($1,000,000.00).
Before moving on to analyze Illinois awards and settlements against Geico Insurance, some points must be made about automobile cases at the national level (a subcategory of insurance cases). First, there was a strikingly high number of plaintiffs who received nothing: twenty-five percent (25%). Second, even more received less than fifty thousand dollars ($50,000.00): thirty-nine percent (39%). Finally, the smallest segment of plaintiffs was those receiving more than one million dollars, at a measly three percent (3%). The following is a summary of key points regarding jury awards and settlement amounts against Geico Insurance at the national level:
- Generally, all awards and settlement figures followed a downward-sloping trend.
- Many plaintiffs received nothing at all but this number is lower in the insurance and automobile categories compared to others.
- Insurance and automobile cases account for significant bloc of all cases against Geico Insurance.
Perhaps surprisingly, many lawsuits filed against Geico Insurance take place in Illinois in terms of subject matter and venue. Therefore, it is predictable that the pattern of jury awards and settlement amounts in this state would resemble that of the nation as a whole. Obviously, this is unfortunate for victims turned or plaintiffs or would-be-plaintiffs. Across all kinds of litigation against Geico in Illinois, the vast majority of them received nothing at all (28%) or less than fifty thousand dollars (45%). The next largest bloc of recovery-at fifteen percent (15%)- came between one hundred thousand dollars ($100,000.00) and one million dollars ($1,000,000.00). Finally, those earning more than one million dollars ($1,000,000.00) brought up the rear with six percent (6%).
Even after isolating insurance and automobile cases from the rest of the pack, the song remains the same. While the bloc receiving nothing in both was not as glaring as in the general context (where it was 28%), it was still present and significant: nineteen percent (19%) for insurance cases and twenty-one (21%) percent for automobile cases. Looking at those that received less than fifty thousand dollars, this bloc accounted for fifty-five percent (55%) of all plaintiffs in the insurance category and seventy-six percent (76%) of the automobile category.
Needless to say, this does not illustrate outstanding recovery for plaintiffs because after combining the two statistics, seventy-four percent (74%) of all insurance plaintiffs and ninety-seven percent (97%) of all automobile plaintiffs received nothing or very little. Generally, insurance cases did present a slightly rosier picture than those in the automobile category, where twenty-six percent (26%) recovered more than fifty thousand dollars ($50,000.00) compared to a grim three percent (3%) for automobile plaintiffs. To summarize, here are some key points regarding Illinois jury awards and settlement amounts against Geico Insurance:
- Illinois jury awards and settlement amounts account for a significant bloc of Geico’s total litigation history over the last ten years.
- Illinois jury awards and settlement amounts follow a similar downward trend compared to national figures.
- Plaintiffs in automobile cases faced the harshest outcomes compared to insurance or other categories.
The foregoing should demonstrate that you need an experienced attorney to fight your case. The clock starts ticking right after the incident. Every moment counts because every fact can be crucial to add dollars to your award or settlement. Call us today to hear about how we can help you work with Geico so that they give you the reward that you deserve. For more information about Geico visit www.geico.com and for (auto) claims visit their website, call , or mail them at the following address:
GEICO
ATTN: Region 3 Underwriting
PO BOX 9105
Macon, GA 31208-9105
