04 April

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McKinsey’s Impact on Insurance Claims: How Consulting Changed the Way Your Accident Case is Handled

Insurance claims processing has changed dramatically due to McKinsey's influence in the industry. This global consulting firm has reshaped how insurance companies handle your accident claims through data-driven methods and cost-saving strategies.McKinsey introduced streamlined processes that cut manual work and added digital tools for faster calculations. Their recommendations led to a 60% reduction in processing times and 20% lower operational costs for insurance underwriters.Leading insurers improved their loss ratios by 3 to 5 points by following McKinsey's analytics approach. The firm's focus on cost reduction helped insurance companies decrease processing expenses by up to 40% while cutting fraudulent claims by...

29 March

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The Hidden Costs of Foot Drop: Why Medical Experts Are Critical to Your Personal Injury Case

Posted by Frekhtman & Associates

in Accident Injuries

Foot drop is a serious medical condition that affects mobility and quality of life. This condition makes it hard for people to lift the front part of their foot, causing them to drag their toes and lift their thigh when walking.The impact goes far beyond physical symptoms, creating financial burdens and emotional struggles for victims. For 24-year-old Liam, a recent college graduate and former high school football player, foot drop became a life-changing reality after a traumatic brain injury from a car accident.His case shows how this condition can derail a promising future and create lasting challenges. Medical experts play...

26 March

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Bronx Commercial Truck Accidents: How Local Factors Affect Insurance Claims and Settlements

Posted by Frekhtman & Associates

in Accident Injuries

Commercial truck accidents in the Bronx create unique challenges for victims seeking fair insurance settlements. These crashes happen in one of New York City's most congested areas, where heavy traffic and dense population increase risks for everyone on the road.The aftermath often leaves victims facing complex insurance claims while dealing with serious injuries.New York's no-fault insurance laws require Personal Injury Protection (PIP) coverage that provides up to $50,000 per person. This amount rarely covers serious truck accident injuries.The state's pure comparative negligence rule reduces compensation based on each person's fault percentage, making proper evidence collection vital.Multiple parties may share blame...

23 March

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Foot Drop Injury Verdicts: What Determines Multi-Million Dollar Outcomes

Posted by Frekhtman & Associates

in Accident Injuries

Foot drop injuries occur when nerve damage prevents a person from lifting the front part of their foot. These injuries often lead to major legal cases with significant financial outcomes.The national average jury verdict for foot injury cases exceeds $715,000, with a median of $92,000. Permanent foot drop conditions caused by nerve damage can push these values into multi-million dollar territory.Several key factors drive these high-value verdicts. The severity of the injury plays a crucial role, as does its impact on daily life and mobility. Long-term or permanent disability significantly increases settlement values.Medical costs, future care expenses, and lost income...

18 March

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Can You Sue for a Hit-and-Run Accident?

Posted by Frekhtman & Associates

in Accident Injuries

Hit-and-run accidents create serious legal and personal challenges for victims. Los Angeles County alone reported 5,500 felony hit-and-run cases in 2021, showing the scale of this problem.California law requires drivers to stop after any accident and share their information, as stated in Vehicle Code sections 20001 and 20002. Failing to stop can result in civil penalties and jail time.Victims have several paths to seek justice, including personal injury lawsuits, uninsured motorist coverage claims, and support from California's Victim Compensation Board. The legal system provides a two-year window from the accident date to file a lawsuit.Successful claims can cover medical costs,...

17 March

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Insurance Company Tactics: How the Delay, Deny, Defend Strategy Impacts Truck Accident Claims

Posted by Frekhtman & Associates

in Accident Injuries

Insurance companies use a specific strategy called "Delay, Deny, Defend" to reduce payments for truck accident claims. This approach aims to wear down victims through a series of calculated tactics.Insurance adjusters often work under pressure to keep settlements low, as their job security and bonuses may depend on metrics like average payout per claim. The impact of these tactics on truck accident victims can be severe, causing both financial strain and emotional stress during an already difficult time.Research from the Insurance Research Council shows that claims with legal representation settle for 3.5 times higher amounts than those without representation. In...

11 March

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Pain and Suffering in Personal Injury Cases: How Is It Calculated?

Posted by Frekhtman & Associates

in Accident Injuries

Personal injury cases involve more than medical bills and lost wages. Pain and suffering damages represent a vital part of compensation that covers both physical injuries and emotional trauma.These damages include long-term disability, disfigurements, depression, anxiety, and mood swings that affect victims' daily lives. Insurance companies use two main methods to calculate pain and suffering: the multiplier method and the per diem method.The multiplier method takes economic damages and multiplies them by 1.5 to 5, based on injury severity. The per diem approach assigns a daily rate for the recovery period. Many states place different limits on these non-economic damages...

09 March

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How Long Does It Take to Settle a Personal Injury Case in The Bronx

Posted by Frekhtman & Associates

in Accident Injuries

Personal injury cases in The Bronx require patience and careful planning to reach a fair settlement. Most cases take between six months to six years to resolve, depending on several key factors.The settlement timeline varies based on injury severity, case complexity, and insurance company responses. Medical treatment records, evidence collection, and proper legal documentation play vital roles in determining settlement speed.The investigation phase often spans several months, while discovery can extend beyond a year. New York law allows three years from the accident date to file a personal injury lawsuit.Many cases settle before trial through negotiations, though some proceed to...

07 March

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How Long Does It Take to Settle a Personal Injury Case in Brooklyn?

Posted by Frekhtman & Associates

in Accident Injuries

Personal injury cases in Brooklyn require careful attention to detail and proper timing for successful settlements. Most cases take several months to over a year to reach a resolution, depending on various elements like injury severity and case complexity.The settlement process involves essential steps such as medical treatment, legal representation, and evidence collection. Medical treatment usually spans 1-2 weeks, while securing a lawyer takes about the same time.Evidence gathering might extend from 4 weeks to 2 months. Insurance companies in New York must respond to claims within 15 business days and make decisions within 30 business days.Settlement negotiations average 1-4...

03 March

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What to Do After a Car Accident in The Bronx: A Step-by-Step Guide

Posted by Frekhtman & Associates

in Accident Injuries

Car accidents in The Bronx require quick thinking and proper actions to protect your rights and health. A clear guide helps drivers handle the stress and confusion after a crash. The first steps taken at an accident scene shape the outcome of insurance claims and legal cases.New York's no-fault insurance system demands specific actions within strict time limits. Drivers must file insurance claims within two days and submit a No-Fault Application Form within 30 days.Medical care remains crucial even for minor injuries, as delayed treatment could lead to serious health issues. Photos, videos, and witness statements create strong evidence for...