A Plan in Mississippi Designed to leave Consumers Once Again at the Mercy of Big Insurance Executives?

If it were up to big insurance companies, such as State Farm, and the U.S. Chamber of Commerce, the business of consumer legal funding wouldn’t exist in Mississippi.  When consumer legal funding began providing services in Mississippi, consumers finally had an alternative to cowering to big insurance company’s delay tactics and low-ball settlement offers for injury claims.  Citizens like Lisa from Blue Mountain, Mississippi or Richard from Horn Lake, Mississippi no longer had to agonize over their daily living expenses or be intimidated by billion-dollar insurance companies. Instead they could fight for what they deserved, a fair settlement on their injury claim.

For too long insurance companies in Mississippi and across the U.S. have gotten away with less-then-market rate settlements with consumers for automobile injury claims.  Insurance companies, like State Farm use anti-consumer methods to delay claims just long enough that an injured consumer becomes financially desperate, can’t wait any longer for a payment claim, and ends up taking a much lower settlement then what they actually deserve.  These tactics prey on innocent citizens who are injured, out of work and without a paycheck.   

Not until consumer legal funding products came along in places like Blue Mountain, Horn Lake and all over Mississippi, could consumers finally stand up to big insurance and say “stop intimidating me.”  With consumer legal funding, consumers who have an injury claim pending with an insurance company can obtain non-recourse funding to help pay for everyday living expenses like rent, utilities, transportation and food.  These small amounts of funding help alleviate the worries of the consumer’s daily financial lives and allows them to pursue a fair settlement for their injury claims with big insurance.

Consumer legal funding was crucial in helping Lisa and her family from Blue Mountain, Mississippi through a rough patch.  “[Consumer legal funding] has helped me to catch up on things [we were behind on] while not being able to work.”

For Richard from Horn Lake, Mississippi, consumer legal funding allowed him to keep his family in their home. “[Consumer legal funding] saved my family from being evicted.”   

Insurance companies, along with the U.S. Chamber of Commerce, whose chairman is the CEO of State Farm Insurance, will spend millions of dollars to tell a story to consumers, legislators or anyone else who will listen that consumer legal funding is a product that is bad for the consumer.   

These campaigns by the insurance industry through the U.S. Chamber of Commerce are, of course, false.   These are merely desperate diversions to their true intentions, of eliminating the consumer-friendly services of consumer legal funding in Mississippi in hopes of going back to their old ways of doing business. 

The insurance industry would love nothing more than to return to their monopolistic anti-consumer ways, by forcing consumers like Lisa and Richard into take-it-or-leave-it offers, saving billions of dollars for insurance companies and leaving consumers at the mercy of the insurance executives.

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