September 2018 Subrogation Newsletter
In many insurance claims involving deer collisions, the insured is struck by the swerving car or truck or it comes upon wreckage in the road that resulted from the collision. Subrogating the vehicle that swerved to avoid the deer is often an after-thought, if a thought at all. However, aggressive subrogation professionals should remember that prudent drivers who react appropriately when confronted with a deer in the headlights can usually avoid the devastation and carnage that results from acting inappropriately.
Where there’s smoke, there’s subrogation. At least it often works out that way. The adage is certainly true in the case of Gree dehumidifiers. If you have anything to do with property insurance, you have most likely been exposed to multiple claims involving Gree dehumidifiers. Gree’s mistakes have cost American homeowners and property insurance companies well over $30 million. These translate into subrogation opportunities that should not be ignored. There’s also an important lesson here for other manufacturers as to how not to respond to a product defect.
Everyone in Michigan is financially frustrated with the high price of auto insurance. Recently, Detroit Mayor, Mike Duggan, along with eight other motorists filed a suit in U.S. District Court in an effort to expedite removal of Michigan’s no-fault system. The litigation comes as insurance premiums continue to rise, and after two bills were presented in the Michigan Legislature aimed at eliminating the no-fault system. The average cost of insurance premiums in Detroit is $6,197 per driver, whereas the average in California’s tort jurisdiction is $1,518. Removing the no-fault system would return Michigan to a tort jurisdiction and rates are predicted to drop by 50% if that happens.
Join MWL for a Webinar on the Complete Guide to Selecting, Hiring, and Using the Right Experts in Subrogation Cases
Gary L. Wickert will be presenting a MWL webinar on “The Complete Guide to Selecting, Hiring, and Using the Right Expert in Subrogation Cases” on October 23, 2018 from 10:00 – 11:30 a.m. (CDT). MWL webinars are free to attend and are open to all who want to attend. To learn more about this webinar or to register for it, click HERE.