In our March newsletter, we mentioned a recent policy change by Geico.
This shift was towards opening settlement negotiations with a low offer and then refusing to increase it unless the Plaintiff’s attorney can justify more compensation. Amazingly, even after the need for an increase, he has been explained, Geico’s offer goes up only a fraction of what is fair.
For us, this manner of negotiating is unacceptable. This month our attorneys were successful in a few major accident trials against Geico. Firstly, in a rear-end collision where liability was clear, but they failed to make an offer! The end result of this trial was a $5,231.00 verdict for our client. We will continue to litigate in all cases where Geico refuses to offer our clients proper compensation for medical expenses, lost wages, pain, suffering, and inconvenience