Why Do Most Personal Injury Cases Settle?
The main reason most personal injury cases settle is to manage risk.
Both plaintiffs and defendants consider the uncertainties of a trial versus the benefits of settling.
Risk of Going to Trial
Going to trial involves inherent risks, such as:
- Unpredictability: Jury decisions can be unpredictable, and even strong cases can be lost.
- Time: Trials can take months or even years to resolve.
- Public Exposure: Trials are public, which could reveal sensitive information about both parties.
Reasons for Settling
Several factors encourage parties to settle rather than go to trial:
- Financial Reasons: Insurance companies may settle to avoid a bigger payout if they lose in court.
- Quick Resolution: Both sides may prefer to settle quickly and avoid the stress of a trial.
- Clear Evidence: Strong evidence supporting the claim tends to make settling more likely.
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