Personal injury protection in Michigan underwent historic change in July 2020 when new legislation went into effect. The reform of the state’s auto insurance requirements offers consumers the chances to save money—or expose themselves to unnecessary risk, depending on your perspective. For 47 years, dating back to 1973, Michigan had a requirement that drivers purchase … [Read more...] about The Debate Over Michigan’s New Personal Injury Protection Reform
A Louisiana car accident bill whose aim is to lower auto insurance premiums in the state has passed both houses of the state legislature. The Omnibus Premium Reduction Act is headed to the desk of Governor John Bel Edwards. It is expected the governor will sign the legislation, but the bill did not pass without strong arguments on both sides. The motivation for the bill came … [Read more...] about Will Louisiana Car Accident Bill Lower Premiums or Hurt Victims?
It’s a nightmare scenario: On your morning commute, someone a few cars behind you rear-ends the driver ahead of them. That triggers a chain reaction where each car bumped hits the vehicle ahead of them. Or it’s pushed out into the next lane and extends the damage. Unsurprisingly, these types of accidents result in more serious injuries and higher odds of fatalities than a … [Read more...] about The Stakes Are Large with Multiple Car Accident Insurance Issues
The list of the largest personal injury settlements ever awarded received a new addition this past December. A jury in California’s Kern County awarded over $70 million dollars to the Cuevas family for an accident that happened in the summer of 2017. Tomasa Cuevas, the mother of the family, was driving with her 2 children, Alex and Maritza. They collided with a big-rig truck. … [Read more...] about California Case Joins List of Highest Personal Injury Settlements of All Time
Picture this: You’ve been hurt at work or from a car wreck. You call your insurance company and file the necessary paperwork. In a couple weeks, you receive your settlement without going to court, and now it’s all finally over. Or so you wish. Depending on the case, some of that compensation might go to Uncle Sam next time tax season comes around. Physical injury or … [Read more...] about Can Your Personal Injury Settlement Be Taxed As Income?