▲ 11 r/LawFirm
P.I. - Reserves and Settlement Negotiations
For those with P.I. and/or insurance experience, when do insurance companies (e.g., progressive, State Farm, Allstate) set their reserves on a file?
What is the process for the adjusters to reset
and increase their reserves pre and post litigation?
Trying to get an understanding of when the best time for a plaintiff is to engage for settlement negotiations both pre and post suit being filed. Does your firm follow any hard rules on when to engage for settlement, do you follow a case by case approach, mix of each?
u/bminn123 — 14 days ago